Earnings were good today for America’s most hated fast food chain, McDonalds (MCD). Personally, I think Burger King and Taco Bell are a hundred times worse and causes an automatic gag reaction just driving by one of them.
Nonetheless, MCD seems to found a gem in 24 hour breakfast menus across the country. Personally, there have been a few late nights where I craved a sausage McMuffin and hashbrowns and may or may not have acted on those cravings.
You can see below that MCD has a nice ascending triangle pattern that it has broken out of with two different trend-lines offering support underneath and now trying to retest that support before it ultimately moves higher again. Needless to say, in this kind of market that is one freakin’ bullish chart.
