MCD
Long OPES (BURGERFI) AKA Chain Restaurant Industry $SHAK $MCDEntry $12 area
1st Target $18
2nd target $23
3rd target $32
Why?
Covid 19 Took this stock down hardcore but as the restaurant industry starts to recover, this start is going to fly! it is literally a steal right now!!
if market continues to be bullish, it will be like buying this stock at thrift store.
This is like getting into DKNG b4 they were a thing, or TSLA when it was CHUM CHANGE!!!!
In June Delivery Sales increased 65% Y/Y, and for first six months 3rd party delivery YTD + in-house app orders were up 428,000, sales reached $10.9M, order & sales volumes were up 32% and 60%.
In addition to partnerships with DoorDash, GrubHub, Postmates and UberEats, BurgerFi has developed its own app for third-party delivery.
OPES anticipates merger with BurgerFi to close in Q3.
What is OPES/ Burger Fi?
BurgerFi is an American fast casual restaurant chain focused on hormone-free and antibiotic-free angus hamburgers,
french fries, hot dogs, and custard. The first location was opened in February 2011 in Lauderdale-by-the-Sea, Florida.
www.burgerfi.com
MCD to 200 (still out of the flag) MCD is next. Ronal fucking mcdonald dude. Perfect breakout and catch. Right out of a bull flag BUT now it’s back in it’s triangle. PT is still 200. Calls we have are for August so will see what the rest of the week brings. Contract down a bit but we’ve got some time. For those who missed out we could be seeing better buying opportunity. Looking at the chart again it is still out of the flag so bullish run til earnings maybe. Will monitor.
MCD 200Looking to see a bounce at 180. It's moving slowly. 200 call for 7/24 is looking good. .29 premium. Will watch to see if the flag is filled or the stock is able to break above 187. McDonald's is a good stock long term. The important points are 180 and 187. Will watch it on Monday with everything else. If it falls down to the 180 I'll be looking for cheaper premiums.
trade smart
MCD Filling GapsCurrently MCD is in a downward trend and is currently just above a gap area. The 50 SMA is about to cross below the 200 SMA and that is a bearish signal, along with the fact that recently the stock has been printing lower highs and lower lows. I am looking to short all the way down to $168 where there is a support line. This support line is above another gap and if the support line breaks, MCD will drop to at least $161 if not lower.
I look forward to hearing your comments about the topic and am constantly looking for feedback to improve my analysis. I am open to discussion about my idea.
MCD - McDonald's Technical AnalysisTechnical Analysis - The idea is to go long but wait that the support of 190.00 usd will be broken before buying.
There might be a possibility of a price retracement that will test agin the bullish trendline.
Fundamental Analysis:
The fast-food chain was among the best performers during the Great Recession of 2008 and 2009 and looks poised to repeat that accomplishment
LONG MCDKeep your trading simple
Bullish Swing
T1 = minimum risk reward 1:1
I always leave 1/3 of my position for long term gains - moving my stop to my entry if I need to give room for the volatility or using trailing stop for maximum gains.
For maximizing your profits you can use Options.
Not a financial advise just my view - trade smart trade safe.
Follow me to support my work, Thanks!
"McDonalds: not looking good" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Ascending Channel and started the down move.
- Price went towards the first Support Zone (now Resistance Zone ).
- Now, it has potential to move down towards the Support Zone .
- We are waiting for a sell setup on a lower timeframe to take short trades.
Weekly Vision:
Daily Vision:
Updates coming soon!