$MCD Waiting for pull back to Long MCD uptrend. There are higher targets and more upside potential, but I would like to wait for a decent pull back later after 161.xx or 212.xx
MCD
MCD: Wait for the new key earnings level to shortMCD is in quite bad shape, fundamentally speaking, and it's in a steady weekly downtrend. There's a currently active weekly signal, that aims for 99.10, in the long term, but it's also about to report earnings for Q3, so it'd be better to wait for the new Key Earnings Level to form, to enter the short side. Any rally here is a sell, due to the valuation and technicals in higher timeframes, so keep an eye on it.
One thing to keep in mind is that new weekly lows or highs could trigger short term rallies as shorts are squeezed, due to the RgMov readings in the daily and weekly charts, so it's a bit conflictive. If you do get short, you'll have to trail stops after CCI gets oversold on dips.
Thanks to @nyaqoob75 for pointing this stock out, it's not normally in my watchlist.
Good luck,
Ivan Labrie.
MCD - Short at the break of 112MCD having problem in the China & Europe, Strath thinks it will break down to 95 shortly.
In the technical side MCD seems forming a head & shoulder formation
You can check our detailed analysis on MCD in the trading room/ Executive summary link here-
www.screencast.com
Time Span: 18:00"
Trade Status: Pending
McDonalds H&S confirmationWe have quite the H&S confirmation signal here with the weekly close below the weekly 50/60 ema aswell as the neckline. Obvious short play and should be an easy 3.3%
Stop is protected behind daily 200/250 ema + fib retrace. If price pulls back into the week for a retest of daily resistance I may add to the position.
$MCD help with fibonacci theory.I am just now learning how to use the Fibonacci theory and need some help.
I am very interested in buying MCD and am trying to find a good entry point.
I have heard somewhere that reversal usually happens when the 127.2% mark is crossed on the way down. Can someone confirm that this is accurate or correct me if I am wrong.
Thanks!
$MCD ascending broadening wedge on daily$MCD ascending broadening wedge on daily w/ gap open below. Expecting move to fill gap to 105s.
Broke below major resistance zone - Outside BarPay attention to 124$, a resistance zone that was broken after a huge weekly False Break.
Price is below the Fast SMA line (bearish confirmation signal) and unless Brexit will deliver a strong rally, I expect MCD to continue lower
Tomer, The MarketZone.net
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At McDonald’s, All-Day Breakfast Cools
If Macydy breaks the light green support line, guess what? Free fall zone till $30ish area and possible strong bounce. Or the next support zone would be the dark green support line.
Red line is a possible resistance line but it may change as the month goes by.
www.wsj.com
The turning point on MCD?The quotation has reached the upper boundary of the rising channel.
Reasonable to expect the beginning of reversal formation. NYSE:MCD
DOW JONES OVERVIEW: MCDONALDS IS FLAT LIKE ITS HAMBURGERS...McDonalds trades flat both on long term and short term basis.
On long term perspective price is now in lateral range after it failed 10-year uptrend, by falling below 1st standard deviation from 10-year mean @ 100 (now the range upper border). The lower border of the macro lateral range is marked by 5-year mean, standing now at 92.5 - MCD has tested and held this level during the august selloff.
On short term basis price is now trading within 1st standard deviations from 1-year and quarterly means. As it can be seen on the chart - both channels are themselves lateral at the moment.
