🟡 Extraordinary chart pattern for McDonald’s

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The M-Pattern

Have you looked at the McDonald‘s chart lately? It has formed a really exceptional chart pattern: its own M-logo! Found this great analysis of Trendspider on Instagram. Have a look at the original post here. 😋

McDonald’s has formed a double top at around $300 and is heading south since then, now trading with a -15% discount at $250.

Many M‘s in the past

While some people now start to worry about this „tasty“ but rather bearish sign I would recommend to look at the longterm chart of the past decade. These patterns have shown several times and have proven to be good anticyclical buying opportunities for those who believe in the Burger Company.

My take on this

For me this correction is a great time to DCA my McD position further and I have bought some more last week. I believe the chart will turnaround as it always did in the past decade and before. The company has a bullet proof business modell in my view and has delivered not only Big Macs but also great shareholder returns.

What is your favorite Burger from McDonald‘s? Or do you like the stock better?

hive-167922 mcdonalds chart meme hive-engine
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13 comments
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haha, witziges Pattern, im loving it :D

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(Edited)

đŸ˜…đŸ™ŒđŸ» Ja ich liebe diese Chart memes auch. Aber diesmal steckt ja tatsĂ€chlich auch eine SKS Formation dahinter. Sieht hat wie ein M aus. 😋

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In Kalifornien wurde der Mindestlohn fĂŒr BilligarbeitskrĂ€fte, speziell fĂŒr FastFood-Mitarbeiter angehoben, der sog. "Fast Food Franchisor Responsibility Act", wodurch die McD.-Franchisenehmer weit höhere Kosten haben.
https://finance.yahoo.com/news/devastating-financial-blow-mcdonald-franchisee-163000954.html
Könnte ein Grund fĂŒr den KursdĂ€mpfer sein.

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Mag auch einen Einfluss haben. Als Hauptgrund werden aber derzeit die zunehmend finanzschwachen Konsumenten (wird mMn. McD weniger betreffen als Markenhersteller im KonsumgĂŒterbereich wie Coke) und die aufkommenden AppetitzĂŒgler Medikamente. Da heißt es abwarten, wird aber wahrscheinlich auch eher ĂŒberschĂ€tzt.

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Das hat sich aber noch nicht zum öst. Bundeskanzler herumgesprochen. Der glaubt, dass Mc D. gerade etwas fĂŒr Arme ist 😂

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The market is actually doing well
That's lovely!

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Absolutely people who are there have boycotted it. Due to which we are seeing its prices going down and may go down even more.

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