MCD trade ideas
$MCD broke $158.49 resistance, expect to turn support$MCD broke $158.49 resistance.
Analysts expecting double digit % drop in same store sales on earnings report looks priced in. Was oversold RSI.
6 touches on the downtrend resistance line.
Expecting previous resistance to turn to support on way to $162.50
MCD Inside day long opportunity.So yes, the pull back that many investors had been waiting for over an year finally came,
although it's way harder than people may expect, it still create many trading opportunities for both bulls and bears.
Here I got this MCD trade , after it's 15% pull-back it gave an inside day, and I would like to long if it's able to break to the upside.
Let's see how it goes!
Would you like fries with that Dip?Fat America is still alive and well.
Last I checked the Fed isn't hiking the Burger rates.
MCD continues to perform and even if we see some flatness and downside in the next couple weeks this is still a good buy.
Bearish on the average Joe's ability to choose proper sustenance
Bullish on burgers and fries.
Also check out KO for a nice cheap beverage to quench your thirst for green candlesticks.
MCD put sale for February expirySell the $155 put for February for $0.55 or higher. Looks like it will be close if the market keeps selling off.
There is support around $160 at the 200 day SMA.
MCDONALDS. It Is Time To Take A Break.Shares of McDonald's Corporation are trading at a P/E ratio over 30. No matter how solid earnings reports the company may have published, it is time to correct the excesses.
Good luck fellow traders
MCD H4 no trend4 hour chart
no trend at the moment. Matched all Fibo levels until now. Once goes after latest top, there's another Fibo level to reach as shown.
next close above 172.77 can reach 174.95
another close above 174.95, target on 178.46
MCD: 5th Wave Ending Diagonal, Oscillators in Overbought conditions. See Enlarged Daily chart in update.
Example of Double Top pattern on Stock MarketDouble top pattern on Mc Donalds NYSE:MCD , indicating the two bounces, breaking zone and target for the short position. Parabolic SAR indicator confirms the bearish trend after the breaking.
Example of a Head and Shoulders patter on MCD stockMCD stock price formed a head and shoulders pattern. The first part of a head and shoulders pattern is an uptrend, bounces making a first top (left shoulder), then it goes down and makes a minimum.
Now that the left shoulder has formed, the price moves higher and makes a second top (HEAD), higher than the left shoulder, then it goes down and makes another minimun similar to the first one.
Draw a line between the two minimum prices to form the neckline and project it.
The left shoulder and the head have formed, now, the price moves up again and makes a third top similar to the first one forming the right shoulder. Then the price goes down.
To confirm the head and shoulders pattern, the price should close below the neckline. At this point you should make a short. The profit is the distance between the head and the neckline
In some cases you can see a pullback. This could be a second chance to short the stock.
MCD Mc Donalds possible short scenarioSlightly bearish on this share after data release of 1.76 vs 1.73 previous. This time my decision was purely based on my new forex system, but testing it on stock market, Lets see what it does!
Have a good Trading week,
Cream Live Trading, Cheers!
October 24 Earnings: McDonalds - The Rise Of The WageMcDonald's comparable sales will be aided by continued investments and menu innovation.
Alongside above mentioned factors, its international presence with a softer USD will aid overall margins.
However, with rising wage growth and soft quarterly restaurant spending globally, I expect profits to be under pressure.
Guidance should underwhelm with the aforementioned factors.
I am starting McDonald's with a $150 PT for the post-earnings move.
A tight stop well over ATH at $170 is advised.
MCD Bat, demand zone and 150 fig combinationWhenever there is a huge uptrend, those who are not willing to chase high price always say that they'll wait for pull back.
While there are still people contradicting with themselves that when a pull back actually happens, they change there mind and think,
"the uptrend is over , this is the top!!!!" and starting shorting the stock.
This makes no sense to me, as I'm always willing to chase high with acceptable risk and set-up, and if it did give a pull back, I'm more willing to long.
This is the case for MCD, or even for the stock index.These years, too many people told me that they may wait for pull back to long SPY,
but when a small pull back happens like the past few days, they change their mind to take the short and believe that's the top..
Plan your trade and trade your plan, and don't change your mind that easily !
