MDO trade ideas
$MCD McDonalds approaching trendline support$MCD McDonalds approaching trendline support and 200 MA.
Worth watching for market sentiment, long or short play.
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$.
MCD - decent risk reward ~$192Chart is fairly self explanatory. We have a high volume bounce on a multi-year trend-line (est. 2016). Last week we printed an inside week which indicates an indecisive market. I think we hold the bottom-trend, but if you enter without a plan, you could experience some drawback if we revisit the bottom-trend. Be patient.
MCD Broken Step Topping FormationMCD continues to break to the downside, dropping easily through the top completion level and heading down to test a lower low.
McDonald's Stock ForecastNYSE:MCD
The MCD stock price can go up from 193.435 USD to 214.631 USD in one year.
The long-term earning potential is +10.96% in one year.
In five years (2024)
The MCD ("MCD" ) future stock price will be 335.774 USD.
MCD 200dmaMACD crossed upward and price has followed nicely since the sell off. Looking for price to make its way back up to the 200dma
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
Great dip buy opportunity on MCDGreat dip buy opportunity on MCD for potential 15%+ return. Should be easy return as MCD is finding consolidation.
$MCD Remained Bearish targeting 182 Steady falling from 222Its already dropped so hard from the peak at 222 and now heading south with strong volume suggest to extend decline for further down targets at 184-182 and maybe deeper .. all indicators showing clear weakness any bounce will be opportunity to exist for long positions
mcd corrective wave due?$MCD looks ready to simmer down for a while. MCD will probably be great long long term but it could be due for health consolidation/correction.
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!
MCD LONGMCD has been beat up from earnings and news. Value buyers are going to come in soon, I'm thinking tomorrow.
Taken short positionCant say if MCD is fundamentally undervalued, but technically bearish trend. Though might trade sideways then rally. Trade at ur own risk.
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.
MCD looking to it 196The trend shows MCD is on the Bullish side and may reach 196 this week or early next week.
LONG MCDExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
