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MCD

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MCD trade ideas

Here another nice chart for you.Markets are patterned. It is just that sometime, well maybe most of the time, patterns are not that clear but when they are you have to jump at them and ride along. MCD is one of them. Just sprinting out of a contracting triangle label wave 4 of the impulse wave that started at the low of August 2015. Since the end of wave E, MCD has unfolded in beautiful impulse waves. Just a wonder to watch. 182 might temporary stop current advance but we see higher level. Keep it mind that triangle are preceding the last wave of a move. Thus, once current advance is over, get ready for a substantial decline.
NYSE:MCDLong
by yauger
McDonalds dilemmaThe 99% of the global population love McDonald's burgers, but that's not my concern. Basically, this company has been working aggressively on several initiatives to shed its image of an unhealthy, junk food but in fact, it is... and if they want to improve margins and consequently, earnings... is very hard to get it in the short term. Over here you will find a massive divergence because Wall Street and I have different targets. Wall Street points to $183 a share and I am pointing to $146 - $139. Learn how to beat the market as Professional Trader with an ex-insider! Have a Nice Trading Week! Cream Live Trading, Best Regards!
NYSE:MCD
by wildcreamlife