MCDONALDS (MCD) On Its Way To Market High
Very positive forecast for Mcdonalds!
yesterday the market has retested a broken resistance that turned to support.
after that, we see a very strong bullish reaction!
for us, it signifies that most likely in the nearest future the market will reach the current high.
the initial target is 214
the second target is 220
Mcdonalds
"McDonalds: Top and Bottom Analysis" by ThinkingAntsOk4H Chart Explanation:
- Price is on an Ascending Channel.
- Price broke the Descending Trendline.
- Bearish CCI indicating a correction from here.
- After it, potential to move up towards the top of the Channel.
Weekly Vision:
Daily Vision:
Updates coming soon!
MCD Attempting to BottomMCD is struggling to form a short-term bottom at a non-support level. The stock had been under heavy distribution which triggered High Frequency Traders selling short as well as Pro Traders selling short, even while new Retail App Broker Investors were buying into the downtrend. Buy on the Dip strategies are in play, but the large lots overwhelmed the retail small lots. There is no Dark Pool Quiet Accumulation in this bottoming attempt.
$MCD missed last four earnings without ill-effectMCD is a safe solid stock, although oddly in XLY rather than XLP.
It has missed the last four earnings, and the pullbacks from those misses are fairly mild recover quickly. Even the double whammy of a miss and loss of CEO in Q319 started to recover within days. Note in Q418, the stock only fell 11.5% against a general market decline of 20%. In this respect it is quite similar to KO (although that is in XLP), another purveyor of junk consumption.
Assuming the current trend continues, a pullback on another earnings miss of 3.84% or less gives you a safe stock to return to $220 in 2020, and the PE return to the highs of 28.
Note MCD is a DJIA component, and risks being dragged on any macro DJIA collapse (election, rate hikes etc).
"McDonalds on a Weekly Ascending Channel" by ThinkingAntsOkDaily Chart Explanation:
- Price is on a Weekly Ascending Channel.
- Price broke the Inner Ascending Trendline.
- Price is on a Bearish Corrective Structure.
- Bearish CCI.
- If price breaks the Corr Structure, it has potential to move down towards the Bottom of the Channel.
Weekly Vision:
Updates coming soon!
Potential long opportunity - Low Risk, High Reward setup MCD has bounced off the bottom of a long term bullish channel and recently broke to the upside of a pennant pattern on the shorter time scale. We are seeing strong resistance in the $200 price area (+/- ~$5) from both historical price action, fib retracement, and psychological resistance. Positive trade news looks like it has yet to significantly impact MCD so this might just be a good time to get in on a long stock position or even a call option trade. Setting a stop loss just below the bottom of the long term bullish channel, and setting a profit zone at the top makes for about a 10:1 profit/loss ratio. Being a dominate multi national brand, a decent dividend, and with investors such as Warren Buffett, this might be a good opportunity to get in on a long term play. Would love to hear your thoughts!
To Infinity & BYND - Beyond Meat Inc This is another company we've been watching closely since its IPO. (similar to Uber) Both companies surged on hype and hopium.
$BYND is down -70% from its all time high in late July. Many competitors and rivals are gaining momentum in this market. There's a lot of speculation waiting to see what is going to happen with a BYDN & McDonalds partnership.
Neutral for now.
MCD Public sentimentI know shorting this is not wise, however MCD public sentiment has been steadily declining despite its still incredible popularity, MCD has been in a HUGE bull run, however in my opinion we will see the rise of healthier alternatives and more traditional fast food chains, (Subway, Pizza restaurants)
MCDONALDS: Buy OpportunityThe price reached the support zone between 192.00 and 190.00 levels. In spite of a breakout below SMA200, which gave us a trend reversal signal, the market can continue the previous uptrend. I refer to a similar structure, which the market passed in 2016 and 2018 years.
It is possible to think about buying based on the confirmed reversal signal from the support zone or following a breakout above the local downtrend line.
Stop orders must be placed below 190.00 support level. The main profit target should be at 221.00 resistance.
MCD Long analysisAs always using support and resistance levels, I also checked some fundamentals as well as hedge funds and institutional investors' expectations and also because McDonald's is well-known trademark I don't expect it to drop below 170-175, look at horizontal the support line I drew.
So I entered long position and might enter again even if price drops as I believe in long term (next 6-12 months) to reach price of 235$.
Mcdonald's Corp bullish continuationAs per the Chart
Abbreviations;
ND=No demand
NS= No supply
DW= Demand Wave
RFSB= Resistance from Supply Bar
SFDB support from Demand Bar
SLK= Stop Loss killer
SLKB= Stop Loss Killer Bottom
DB= Demand Bar
SB= Supply Bar
EVRB= effort vs Result Bottom
My Mentors and Inspiration
Volume Analysis - Oleg Alexandrov
Money and risk Management - Dmitriy Lavrov
McDonald's trade planLooks like a sell off in wave a is finished. Looking at potential H&S pattern formation as divergence is starting to emerge. This was can capture a long of wave b, before shorting again into c.
Best to wait for the pattern to make a right shoulder at least for more confirmation.
Good Luck!
Mcdonalds to the bottom !Hello, Traders!
Monfex is at your service and today we overview MCDONALDS Corporation.
Mcdonalds fired their CEO, with which the company's capitalization doubled.
The first downward movement was in early September, at the same time as the "The Game Changers" popular film about vegetarianism was released. Perhaps this is connected, but not exactly.
This year, the United Nations called on people to eat less meat.
Generally, the news background is negative for MCD.
Also at this chart we see Elliott Waves (12345-abc) and how MCD in an uptrend movement so long. But recently, it broke the support line of the ascending channel and wedge.
The local resistance zone ~ $200
The local support zone ~ $190
Target zone ~ $160
Market Cap
$145.941B
Share your thoughts, ideas about the market under the chart.
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GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.