Mmm Chicken Mc Griddlesbuying this because of the Chicken Mc Griddles... The true chicken sandwich victor..
Nice Dividend too.
MCD trade ideas
Maccy D's longMy study on MCD
Price showing strength after a retracement in October below the 50 and 100 SMA. A confirmed 9 on a buy set up in Demark indicator on the weekly chart.
Fib extension shows a possible target of 264ish, as does classical TA.
Holding for around 350 days, this will give a profit of 35% at 0 leverage, or 176% at X5 leverage
R:R is 5:81
Stop is suggested by Demasrk at around 184
Being a long time veggie, and because I'm conscious of the fact that everything I eat becomes me, I never set foot in the place so I won't be putting any of my money into it but the masses seem to enjoy it!
Give a thumbs up if you like and leave me a comment!
MCD trading sideway, getting ready for the next bullish runMCD shares are being accumulated, could move higher back to 218
MCD - Death Cross & Possible Long Entry ForecastWe are sort of in the middle of downtrend. I like to wait for clear trend reversal.
Should be around January/February IMO unless Death Cross flips and price goes above moving averages.
There is also a bear flag formation under the death cross.
What I see as most important - the biggest selloff happened when price crossed under 50DayMA , not the death cross.
This is the reason I am watching SPY and AAPL moving average for downturn.
Next trend on Daily is bearish. Next trend on Weekly is bullish.
To me, this mixed signal implies that the downtrend for MCD will be short as the next Weekly trend is bullish.
When the MCD downtrend stops, this would be a good bullish entry point as the Weekly trend will flip bullish as price crosses back above moving average.
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL
MCD Public sentimentI know shorting this is not wise, however MCD public sentiment has been steadily declining despite its still incredible popularity, MCD has been in a HUGE bull run, however in my opinion we will see the rise of healthier alternatives and more traditional fast food chains, (Subway, Pizza restaurants)
MCD consolidation then longI dont see much more downside for MCD, but I will let it play out this week. We need to fill that GAP eventually.
MCDONALDS: Buy OpportunityThe price reached the support zone between 192.00 and 190.00 levels. In spite of a breakout below SMA200, which gave us a trend reversal signal, the market can continue the previous uptrend. I refer to a similar structure, which the market passed in 2016 and 2018 years.
It is possible to think about buying based on the confirmed reversal signal from the support zone or following a breakout above the local downtrend line.
Stop orders must be placed below 190.00 support level. The main profit target should be at 221.00 resistance.
MCD possible break out set upI'm liking MCD at this level, it's an aggressive move with the EMA resistances on the weekly and the monthly right there, but I really like the monthly 20 EMA support here. We'll see if it works.
MCDonald reversal at Fib 61.8Sell off in MCD last few months. Good entry for long setups, retracing at FIB 61.8. Stop loss around 186.50. I personally look for 1:2 risk/reward.
MCD weekly chart looking Long for next monthThe weekly chart looks great in terms of RSI, MACD, and BORC picked up a Dec 27th 192.5 S / 187.5 L call spread on the 25th
$MCD McDonalds approaching trendline support$MCD McDonalds approaching trendline support and 200 MA.
Worth watching for market sentiment, long or short play.
MCD Long analysisAs always using support and resistance levels, I also checked some fundamentals as well as hedge funds and institutional investors' expectations and also because McDonald's is well-known trademark I don't expect it to drop below 170-175, look at horizontal the support line I drew.
So I entered long position and might enter again even if price drops as I believe in long term (next 6-12 months) to reach price of 235$.
