MCD eyes on $301.51 above, 285.59 below: E-coli fallout range

23 באוק׳ 2024

Followup to my previous long and exit calls (click).

MCD got some bad news with an e-coli event.
The immediate drop has bounced to Genesis fib.
Just below is a Golden Covid fib for some support.

$ 301.51 is the immediate hurdle.
$ 298.47 could offer some support.
$ 285.39 below is now crucial support.

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Good thing we exited MCD recently:

And bought some Wendy's:

With Pepsi to wash it down:

And that's probably about it for fast food binge.

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1 בנוב׳ 2024

עסקה פעילה

PERFECT Fib range

(yellow shaded area is from posting time).
Options traders may have strangled that range.
Or perhaps an Iron Condor as containment bet.

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Zoom IN (m5)

Even an Earnings Report could not break out.
So we can count on these fibs AND their sisters.
So we wait for break or Ping bounce on either one.

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