With earnings now out of the way, MCD (McDonald’s Corp) will trigger a short entry on a solid break and/or daily close below the uptrend line on the daily chart below.
MCD daily July 31st
The current price targets are just above the 281.65 & 259.82 support levels (T1 & T2), with the potential for additional targets to be added depending on if & when the sell signal is triggered & depending on how the charts develop going forward. The suggest stop (if targeting T2) is any move above 301.10 with a suggested beta-adjusted position size of 1.0.