MCD testing a 15-year channel support, I'm rock hard on it.
$MCD
AI SUMMARY — McDonald's (MCD) is testing 15-year channel support dating back to 2012, with a strong historical pattern of aggressive rebounds at channel boundaries. The stock offers a solid $7.72 annual dividend, though the company faces product quality and customer experience concerns.
| TICKER | MCD |
USER | u/badfishbeefcake |
| RATING |
BULLISH |
ENTRY |
$233.60
|
| POSITION |
42 sh
SYN
|
BOOK VAL |
$10000.00 |
| CURRENT |
$246.34 |
P&L % |
+5.45%
|
| CURR VAL |
$10545.38 |
P&L $ |
+545.38
|
I know this isn't the most exciting company. They have a shit product, the customer experience is awful, but the chart is interesting.
It pays a solid $7.72 annual dividend per share. Its at the bottom of a long-term channel that dates all the way back to 2012. Every single time it touches these bounds, it aggressively rebounds up or down.
I don't do options, but I do have some McTendies.