MMMCDONALD'S CORPORATION CEDEAR EACH 24 REP 1
15,350ARSD
−300−1.92%
At close at Jul 8, 22:14 GMT
ARS
No trades
MCD trade ideas
MCD. McDonalds: Daily chart setting bearish divergencesMCD has been raising alongside the market but, while the whole market (as well as XLY fund) added around 30% since 2016 lows, MCD was only able to push up a half of it.
On one side, the stock potentially is underperforming but technicals say it has a very strong resistance to break. Daily chart shows bearish divergence, same as Weekly timeframe, and we are very close to the Median Line of the Fork.
I believe shorts are welcome once the price goes to a double-top formation in 132-134 area. SL can be set at 136.5 with TP1 at 121 and TP2 at 111
MCD - Short Term Trend / Pattern within a PatternOnly 20% of Millennials have ever tried a Big MAC.
The potential for this market is huge. HUGE, I tells ya!
Within the next 10 days, MCD will hit 123. Simple 1:1 risk/reward setup.
Although not the strongest signal I've seen, it's still worthy of a shot.
