Longer term looks like a move up. we look a bit extended right now so i am waiting for a small pullback before a move higher. A possible upside-down head and shoulders is forming (red boxes). If so, the measured move would easily reach the upper end of the target. Keep stochastics and RSI in mind. Will probably use options on this one. Good luck!
MCD-despite of the short/intermediate term bullish crab (trgt.2) and watch the area of PRZ, I believe the major SHS complex-top will send the price at trgt.3
The VOLATILITY STOP set at 100-4 (weekly) seems to work quite well for most securities that I have checked, especially the ones that have been on a long term up trend.The SMII set at 100-10-10 is one of my favorite long term oscillator on any time frame.
MCD is rallying back to the price level where the news was announced back in early March that the CEO was going to retire in June. Since that time, KO (Coca-Cola), BUD (Budweiser) and other global consumer non-cyclical stocks have made moves higher and the stock market has moved back up as well. MCD is rallying to catch back up from the bad news, but you can see...
