MCD – Weekly – Correction Play
By:TradingView
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Price is currently in a 20% correction from the $341 high, pulling back into a strong multi-tested horizontal support zone between $275. This area has historically acted as a major demand zone and aligns with the bullish chart structure. Fundamentals confirm the thesis — Q1 2026 beat on both EPS ($2.83 vs $2.74 est.) and revenue ($6.52B), with a 46% operating margin. The trade targets a recovery toward TP1 at $319 and TP2 at $341, with the stop below structure at $265. Analyst consensus of 54 Wall Street analysts supports a median target of $354, giving this setup a strong risk/reward ratio. Main risk is a weak Q2 print, as management already warned of a sales deceleration due to consumer pressure.
Currently planning to buy and slowly to add this stock.
Let me know your opinion in the comments bellow.
Currently planning to buy and slowly to add this stock.
Let me know your opinion in the comments bellow.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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