After Retesting the 6/7 bullish gap up, large volume came in on Friday. Im Looking to play this with a breakout of the hammer candle and a conservative stop being below the initial gap. If i make money on this trade i will go buy a Mcflurry... maybe.
On the M15 chart of McDonald`s shares a bullish fractal level was formed within the beginning of the 5th Elliott wave of bullish period.
MCDONALDS Corporation is way more complexe than a simply bad burger, but 50 years of growth with just a decent correction 18 years ago are the parcour of an indestructible panzer. But time change and also the panzer become old. This correction looks different than the small one of 2012 and 2017. The sink was rapid and there was to much precipitation to put the...
Looking to short McDonalds at the cyper pattern completion
Different conformations for an uptrend ;)
$MCD broke $158.49 resistance. Analysts expecting double digit % drop in same store sales on earnings report looks priced in. Was oversold RSI. 6 touches on the downtrend resistance line. Expecting previous resistance to turn to support on way to $162.50
Fat America is still alive and well. Last I checked the Fed isn't hiking the Burger rates. MCD continues to perform and even if we see some flatness and downside in the next couple weeks this is still a good buy. Bearish on the average Joe's ability to choose proper sustenance Bullish on burgers and fries. Also check out KO for a nice cheap beverage to quench...
Shares of McDonald's Corporation are trading at a P/E ratio over 30. No matter how solid earnings reports the company may have published, it is time to correct the excesses. Good luck fellow traders
Slightly bearish on this share after data release of 1.76 vs 1.73 previous. This time my decision was purely based on my new forex system, but testing it on stock market, Lets see what it does! Have a good Trading week, Cream Live Trading, Cheers!
McDonald's comparable sales will be aided by continued investments and menu innovation. Alongside above mentioned factors, its international presence with a softer USD will aid overall margins. However, with rising wage growth and soft quarterly restaurant spending globally, I expect profits to be under pressure. Guidance should underwhelm with the...
A huge extension in wave III is likely going to be continued
MCD has been raising alongside the market but, while the whole market (as well as XLY fund) added around 30% since 2016 lows, MCD was only able to push up a half of it. On one side, the stock potentially is underperforming but technicals say it has a very strong resistance to break. Daily chart shows bearish divergence, same as Weekly timeframe, and we are very...
If point D is approved short position Complete wave 3