$MCD - RC -
Added 2024-07-01 15:03:37 +0000 UTC$MCD missed on their previous earnings and since then they have tried to attract people back to their restaurants by offering meal deals with lower pricing.
The market is so far not convincing and the price is being held down by its 50 Day MA, after losing a critical support level at $262, $MCD is not a buy while in this position and I expect a drift down to continue until the red line at $230.
$MCD pays a dividend of 2.6% so a hold at our Wave 4 position would be an ideal long term buy.
