$MCD
Added 2024-10-28 12:30:38 +0000 UTC$MCD reports before the market opens tomorrow and they have had a rollercoaster week.
Trump gained a lot of publicity for himself and $MCD's by staging an event in one of their stores and no less than 24hrs hours later, there was a report that Ecoli was present in their food supply chain and the share price took a big hit.
Price has pulled back now to the 0.38 Fib and we can see that the 200 Day MA aligns with the 0.5 Fib now nicely at $280.
A hold between here and then 0.618 fib at $271 and $MCD could present an opportunity.
I believe $MCD will have no issue staying in this rising wedge and moving up to Wave 5 over the next 2 years.
Dividend 2.4%
