adatherton

MCD Bullish Breakout

Long
adatherton Updated   
NYSE:MCD   McDonald's Corporation
A consumer staple defensive, unaffected by tariffs. ER May 1, but would need big miss (like Jan 18) to drop, and in any event lower revenues already in guidance and therefore estimate. Indebted, so benefits from no-hike policy, not really affected if USD falls.

Just broke out, so buy retest of breakout line for top of channel. 2% SL below last low.

BUY 191 SL 187 TP 214 RR 5.75 RISK 2.09%
Order cancelled:
Never filled, otherwise would have gone to target beautifully.

David Atherton
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