As you all know from my previous posts MCD is one of my watch list stocks, and since the buying by the market makers in November which was self-evident, it has been performing very well. First quarter earnings are due on 29th January with a forecast of $1.96 against last year’s Q1 of $1.97, so marginally lower. But if the forecast is beaten this should provide the catalyst for further gains and a move to test the $220 per share highs of summer 2019.
By Anna Coulling
Charts from NinjaTrader and indicators from Quantum Trading
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