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MCD trade ideas

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.
NYSE:MCDEducation
by heco08
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.
NYSE:MCDShort
by TraderDanER