McDonald's Corporation (MCD) is a global fast-food leader, serving millions daily with its iconic menu of burgers, fries, and shakes. Known for its brand strength and convenience, McDonald’s drives growth through international expansion, digital innovation, and menu updates like its growing focus on delivery and loyalty programs.
On the stock chart, MCD recently showed a confirmation bar with rising volume, moving higher after finding new demand at the 50% Fibonacci retracement. For traders, this new demand signals a potential area of support, where buyers stepped in to drive the price higher. Trailing stops can be set using Fibonacci levels with the snap tool, helping manage risk while staying in the trade.
On the stock chart, MCD recently showed a confirmation bar with rising volume, moving higher after finding new demand at the 50% Fibonacci retracement. For traders, this new demand signals a potential area of support, where buyers stepped in to drive the price higher. Trailing stops can be set using Fibonacci levels with the snap tool, helping manage risk while staying in the trade.
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Learn this trading method
link.traderspro.com/f39nzb0t
Daily email newsletter
link.traderspro.com/kuPneCQK
Top daily idea articles
link.traderspro.com/4aKGhiHD
Read on substack
link.traderspro.com/k2r16ljr
link.traderspro.com/f39nzb0t
Daily email newsletter
link.traderspro.com/kuPneCQK
Top daily idea articles
link.traderspro.com/4aKGhiHD
Read on substack
link.traderspro.com/k2r16ljr
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.