McDonald's Corporation

*Yawn* Will it consolidate until Feb 2021? - Cycle Analysis

252
I love MCD. I even love their fries some times.
MCD has done great during the pandemic. But this stock is tired.

MCD has seen a decline, while analyst have set a reduced price target of $225.
This is achievable for MCD. But when?

Based on cycle analysis, it would seem MCD's real momentum will only come through by Feb, hitting the price target or higher by March 2021.
The hope, of course, is MCD finds momentum from the shorter cycle (pink surprise arrow tracking this) and jumps back into the yellow channel. This may happen as a build up to earnings. But, most likely, I expect MCD to trade in the white arrows at this stage.

Yellow Channel - This is the stock's trend channel dating back all the way to 2015. MCD should (and will soon) jump back into this channel for long-term growth.

Good luck!

면책사항

해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.