Get started
primetimesosa

MCDONALD'S Stock is looking bearish on Daily chart

McDonald's Corporation (NYSE:MCD)  
primetimesosa Updated   
NYSE:MCD   McDonald's Corporation
Trend Analysis Chart Patterns mcdonalds shortterm
1
0
trendanalysis chartpattern mcdonalds shortterm
My opinion on MCDONALD'S ( MCD )

Currently looking for short entries (put options) once price begins to trade lower than $213
Stock showed indication of a H&S pattern with the retest around $227.

I believe price will head to $206, and possible to $191-$178 , but we will see with time.
Comment:
Everything still looks to be perfectly in tact for $MCD heading to my indicated levels.
Let's see if the support price level at $192 can hold as the bears enter the market now.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.