MCD Entry, Volume, Target, Stop
Updated
Entry: with price above 298.80
Volume: with volume greater than 2.12M
Target: 318 area
Stop: Depending on your risk tolerance; 292.42 gets you 3/1 Reward to Risk Ratio.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Volume: with volume greater than 2.12M
Target: 318 area
Stop: Depending on your risk tolerance; 292.42 gets you 3/1 Reward to Risk Ratio.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Trade active
Note
I will sell my shares before earnings.Note
Exited my position, for now.Note
I will consider re-entering if price holds above 298.80 with greater than average volume.Note
Earnings looked decent but so far price is down - still watching for a re-entry.Trade closed manually
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