MCD eyes on $269: MickeyDee's needs to bounce here
Aggiornato
MCD has been retracing from $300.
Now at a major support around 269.
Strongest support above the 250 area.
$ 268.98 - 269.67 is the exact zone of interest.
$ 250.05 - 251.41 is the next strong support below.
$ 273.05 - 274.41 is the immediate resistance above.
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Now at a major support around 269.
Strongest support above the 250 area.
$ 268.98 - 269.67 is the exact zone of interest.
$ 250.05 - 251.41 is the next strong support below.
$ 273.05 - 274.41 is the immediate resistance above.
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Nota
Bounce under way hopefullyZoom in (m3) with some notes
Our bounce was off a Covid Stimulus fib,
in combination with a local fib reinforcement
Second bounce from higher local and genesis a good sign.
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Nota
Follow-up to last snapshot and PA since then Perfect Ping bounce off local 4.236 at 268.98
Then several Pings on Genesis fib at 269.67
So all of our fibs should still be dependable.
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Zoom OUT a bit (h1)
Since the local bottom was on a Covid fib at 265.19
we can expect a reaction by the next one at 273.05
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Nota
Bounce proceed VERY NICELYZoom in (m5)
Very nice reactions at all of our fibs,
means we can continue to rely on them,
and we have two clear levels of interest.
$ 224.41 likely to be retested, better hold.
$ 227.77 first resistance, hope to hit next.
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Nota
Follow up to last update/snapshot $277.77 was hit, and rejected with a Ping.
That should have been a top on first hit,
but they pulled a Bull Trap above before dip.
(also, I noticed Typos in last update, $ 2*2*7.xx instead of $ 2*7*7)
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Zoom back out (h1)
Now to see if the broken resistance can be flipped to support?
Ideally we bounce off the top of zone
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Nota
Back to our original support at $269After an earnings dip we are back to our key support.
But given the earnings miss, it is likely to break.
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Zoom in (m3)
We got a couple pings on local fib at $268.98
We are about to retest Genesis fib at $269.97
Currently Sunday evening, lets see what Monday brings.
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