“Bah Da Dat Dah Daaaah I’m Loving It!”  Yep, McDonalds and i think MCD is looking amazing right here.

The chart above (and linked) is a 2 year 6 month weekly chart of McDonald’s.  McDonald’s is a well diversified multinational with an efficient business model and awesome breakfast menu. 😉

THIS is how I want an investment to look.  Steady upward movement with consistent corrections and more importantly consistent recoveries after each correction.

Looking at the chart linked in the thumbnail i think MCD has a lot going on and the best way is to bullet it out:

1. Positive divergence on the RSI.  Even while the price has taken some hits the RSI has stayed in an upward trend and is headed further North.
2. The chart has formed a beautiful W pattern starting around December.  This is bullish.
3. MACD JUST had a bullish cross from a nice bottoming/low point.  It is a bit high on the positive side of the chart, but it looks like this is where MCD likes to trade and really, how can you NOT be on the + side of the chart when the stock’s performance has been kicking so much ass continually.
4. Back to the W pattern… it’s posed for a breakout!
5. Horizontal  STO trends above the  80 mark have historically predicted the main up trends from start to finish.  Check out the three blocks i outlined in dashed lines.  Looks like STO is setting up to bust above 80 and hang out for another ride.

This is a nice investment and I would buy on a cross above $60.  Stop loss @ around $56 just for safety.  Could also add on a trailing stop loss.