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
MDO trade ideas
Break-Outs To All Time Highs: Part 1, MCDRemember the old TV Show "Superman"? It started by the announcer saying..."It's a bird. No, it's a plane. No, it's Superman". I started this narration by pointing out that sometimes XABCD patterns are not perfect, but if you examine them closely, they give you clues as to upside breakouts to all time highs. This is the chart of McDonalds. It had been going sideways for three years. After the mini-crash in August of 2015 I noticed an imperfect XABCD pattern in MCD. Just as superman was not a bird or a plane, I did not find a perfect Gartley, bat, butterfly, or crab. BUT, what is important was I recognized a very bullish pattern, XABCD, and I used a C to D impulse leg Fibonacci projection to realize that this might be a 2618 trade. The lower indicator is Vortex, and, in a sideways market, this will go red over green, and then back. Very seldom will this indicator stay positive (green over red) unless there is a new trend starting. The rest is history, as McDonalds went on to 2.618 Fibonacci and all time highs. THIS WAS A MOVE FROM $88 TO $124. Yours for better trading, Don.
MCD: Bat patternWe would take this trade only because of the bearish tendency of the overall market.
Will this gap be filled?As long as share price is below 2016 Feb high, or otherwise there is a structural change, minimum target is to refill the gap
$MCD a beast today, testing important resistance$MCD is powering through resistance at the upper bound of its bull channel from late October. A close above 120.10 is very bullish. I'm still targeting 122 with some JAN 120 calls.
MCD testing resistance at 120MCD is testing resistance at 120, which coincides with the 27% fibonacci extension as well as the upper-bound of its bull channel. We're targeting the 122 level for an exit.
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.
Options Put Writes on MCDThinking to write some weekly puts on MCD around 92-94 strike for income
daily ATR (7) historically = 2
MCD – Top End of Range, DowntrendMCD is downtrending.
Currently price is on the high end of the range, and on the daily chart (not pictured), price is pushing against the trendline.
Consumer demand for their products is decreased.
However, on the lower trendline, the last low was not quite as low as the low before that. (not a good sign for this position)
Price is likely to go down at this point.
Price targets:
88
84.70
82.14
MCD Day Trade Perfect Gap N Go (Brad Reed Jan29,2015)MCD expected to open at 91.50 for a Perfect Gap N Go. To learn to trade this strategy for free go to www.RealLifeTrading.com
MCD Day Trade (Brad Reed Dec8,2014)MCD- Expect opening at 93.40 for a Gap N Go. Watch out for close support zone. Learn this strategy for free at www.RealLifeTrading.com
Business as usualMCD cope really well with the recent sold off in first half of October.
Technical, it found strong support at 200ema, having two weeks of hammers, in addition both indicators also provide strong support as highlighted.
Hence, i reckon price will most probably continue to complete the rising wedge pattern until price reach the previous resistance of 103.78 which coincide with both indicators meeting their respective upside resistance
McDonalds (MCD) to be sold now at 95 to 98 for a decline to 83Nice 5 waves down.
Nice clean break of 3 year trendline.
Nice pullback.
Nice retest of pullback area.
A close below 95.50 is also going to be a very bearish daily candle.
MCD is a perfect sell setup for a measured move target of 83.
Mc Donald's - Bullish divergenceLooking at the weekly chart, it is pretty obvious that this stock is going down. A triple top is as bearish as it gets However the chart is a bit over extended to the downside and there are small divergences.
Looking at the daily, a short term opportunity exists. On the longer term, one should only sell MCD, but for the moment, a small rally is highly probable, as we have bullish divergences on the MACD lines and Force Index. The Weis Wave shows a big effort which only resulted in a false breakout.
If this stock breaks below 89$, I was wrong and the selling will continue.
