AwesomeAvani

MCD is topped out the long fast food trend may be SHORT

Short
AwesomeAvani Updated   
BATS:MCD   McDonald's Corporation
MCD lives on people liking what they eat and eating a lot of it. The Happy Meal is famous.

into the business model comes the new wave biologics for obesity and diabetes. the shots

that cut down the weight and the food addiction. Insurance companies are jumping on

the bandwagon. 1/3 of the people eat half the food. Increasingly, those people are seeking

treatment. The fastfood executives know this. Same for the sugar beverages.

Anyway, enough said. MC on the monthly chart is stuck at a double top even more obvious

on a weekly or daily chart. At present it is stuck in a symmetrical triangle compressing price.

The mathematical predictive algorithm forecasts price will move down the remainder of

this year. I respect the mathematics and understand the medical trend. LLY makes money

supplying insulin and now it makes money actually reversing diabetes and obesity. One way

or another it makes money and MCD is supplying the patient flow. In the meanwhile if

those patients are detoxified and lower their caloric intake, MCD is the one that suffers

a regression of the growth story. I am short MCD and add to my position whenever

there is a little upward price movement. Yeah, comarketing donuts with Krispy is an act of

desperation.
Comment:
Zoom down to weekly, MCD is below the volume shelf and POC line in the volume
void area where price can fall quickly unless a volume surge supports the fall
and longs come in trying to catch a falling knife double top is obvious and represents the upper bounds of resistance and supply
Comment:
Price moving down with the general market. Full position of shares and a put option.
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