McDonalds to Retest Recent HighA simple retest of recent high, the overall market conditions are poor with insolvency issues across the economic landscape---so no heroics.
MDO trade ideas
"McDonalds: starting the down move" by ThinkingAntsOk4H Chart Explanation:
- Price bounced on the Resistance Zone.
- After that, it broke the Red Micro Descending Trendline.
- Now, price has potential to move down towards the Support Zones.
Weekly Vision:
Daily Vision:
Updates coming soon!
McDonald's 5 - 15% gains possible this weekMCD's has been trading sideways through April but a range of chart divergences and a higher-low pattern show the stock is seeing momentum shift to push higher.
Catalyst: CEO confirmed on Thursday that supply chain is not a problem as others (Wendy's, Costco & others) suffer with COVID-19 outbreaks at packing factories.
Divergences: Both MACD-Histogram and MACD-Lines are showing bullish divergences, although the lines have yet to cross (Mon or Tue for that). Stochastic is read to move higher having just moved above 20%, and Elder's Force Index is showing a longer term higher low in-line with the bar-chart's own.
Risks: Hourly and weekly timeframes are not looking as strong.
Tactics: look for an open on Monday higher than Friday's open, which will confirm the markets bullish outlook.
Targets: 193 (+5%) coincides with ~200 MA and peak volume profile, beyond there, 205-210 (~15%) to test February's highs
Stops: below 175 (-4%), breaking of recent support whilst its been trading sideways.
McDonalds D1During the quarantine period, almost all catering facilities were closed, in order to comply with sanitary standards. The population of the planet was able to order ready-made food only through delivery. Mack Donalds is one of the few fast food restaurants that has the ability to conduct its activities during quarantine. This situation allowed the company to take advantage of a certain monopoly and make a good profit on it. Also, the company did not stop the McDrive function, which allowed quarantine services to buy food in fast food. Now quarantine restrictions in many countries are partially lifted and the population of the planet is increasing its activity. Those who work at this time just as often use Mac Donalds products. Shares expect good growth prospects.
LONG MCDKeep your trading simple
Bullish Swing
T1 = minimum risk reward 1:1
I always leave 1/3 of my position for long term gains - moving my stop to my entry if I need to give room for the volatility or using trailing stop for maximum gains.
For maximizing your profits you can use Options.
Not a financial advise just my view - trade smart trade safe.
Follow me to support my work, Thanks!
No Happy Meal yet - MCD+ Consecutive NR3 and NR7 combo
+ Side way move within channel
+ MacD appears to be crossing up
- RSI is below 50, but flat-lining
- appears to be downward trend
- 10MA is below 50MA but appear/approaching 200MA for potential support
- Next resistance is at ~ $220
Mac DonaldEl gráfico en visión semanal no es muy alentador, perdió la linea de tendencia empinada que tenia y reconoció resistencia en la zona de 191 no pudiendo superar las medias moviles exponenciales de 21 y la media móvil de 100 dejando una amplia mecha superior. El koncorde nos dice que las manos grandes están comprando menos.
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Mickey D's TA testAlthough i feel Mcdonalds is used primarily for convenience by consumers bullish momentum should continue from a TA perspective on a Monthly time frame if you are looking to go long
Price has currently testing a long term trend line
Possible entry point for long
Big Tasty Short After breaking the trend line and the 200 MA the price pulled back to retest the 200 MA but the Trend is bullish
so short now at 158.17 and target 130$$$$$$
Sell MCDONALDS [NYSE: $MCD] | 5.3.2020 | Eric ChoeI'd appreciate a like and comment to encourage engagement across our community.
My name is Eric Choe.
I am a professional trader with over 7 years of equities and cryptocurrency experience.
I've worked at an energy trading company, a Fortune 500 company, and one of the top management consulting firms in the world.
I left my high-paying salary as a management consultant in early 2018 for a career in investing and trading.
I've been a full-time equities trader ever since.
I give detailed analysis on TradingView.
Over the past 7 years, I've dedicated my time and effort to helping others learn about the financial markets.
All my ideas are for education purposes. There is a high-degree of risks involving leverage trading. Trade at your own risk. This is not financial advice
Buy MCDONALDS DAILYHello,MCDONALDS DAILY looking interesting we can expect a climb with the results,
to reach the support.
Please LIKE & FOLLOWS, thank you!
MCDONALDS (MCD) On Key Level! Two Scenarios!
Mcdonalds is approaching a key daily resistance level.
on 4h is coiling in a rising wedge pattern and clearly, the market participants are waiting for some trigger.
earnings I suppose!
for now, the price action is weak and we should be prepared for both scenarios.
in case of a bullish violation of the key level, we will see a bullish continuation to 206/217 levels
in case of a bearish breakout of the wedge, we may expect a drop to 170/156!
be prepared for both scenarios and follow the market!
good luck!
MCD Long for daily investmentsSome points to know :
- MCD has a food delivery technology provided in most countries
- Recovery's on the way as the reopening is coming
- Big and known company loaded with cash so it has not many issues to recover from a financial crisis
Please let me know your comments and don't forget to push that like button
By the way first published idea on my account
Hope to see your feed backs
MCD - scalp puts to 181.63Broke out of rising wedge on daily chart
Bearish divergence btwn price (higher highs) and MACD (lower highs), with RSI making slight lower highs on the 4H
Broke out of rising wedge with volume on the 1H with MACD crossing down
Bearish divergence again; price (HHs) MACD & RSI with (LHs)
Zooming into the 15M chart, the 8MA has crossed down the 21MA and 50MA, a bearish sign
If $MCD breaks and holds below 184.33 with volume, it could see 181.63.
LMK WHAT YOU GUYS THINK!!! HAPPY TRADING
McDonald is heading for a downside correctionRising wedge and a divergence indicate some slowing down of the bullish momentum. To add on, the shooting star formation has tested and rejected the major support turned resistance level.
MCD ya estamos en la onda 3, esperando que se consolide mediante giro de precio para ir a buscar 4 o bien puede extenderse hasta los 127 con retroceso de fibonacci q se definiria por presentacion de resultados el dia de manana, si se confirma 4 esta semana podemos ira buscar onda 5
