CMG - it might be expensive but the value is there LONGCMG on the weekly chart has been uptrending for a year after being rangebound sideways for a
year. It has seen a volume spike and corresponding price action with the current earnings beat
Price rose 60% in the past year and 16% YTD. This is not linear and nor is it parabolic.
The MACD supports the bullish momentum observation in the price action while the RS indicator
shows good strength in both shorter and longer time frames. This is a blue chip megacap for
sure. While it is not technology like the MAg7, the food business is lucrative. the CEO in the
earnings call announced plans to expand to 7000 stores nationally. This is ambitious. Those who
are ambitious investors or traders and are well funded could consider adding some shares
or even a few options of CMG. I am going with a few options OTM at $3000 six months out.
I believe that I will be well rewarded for the risk taken especially given the expansion plans
and the historical track record here.
WEN
When long WEN - now!?WEN, clever airdrop clever name!
Over 0.5 million wallets got the airdrop - that's a lot! The foundation of big success is already here - I don't think WEN will fail.
New investors will soon get their eyes on WEN and some of the airdropped wallets will buy back and feel like winners when buying back on a lower price.
All in all, with so much initial holders, it's almost impossible to go to "zero"
It looks like the airdrop sell off is done, maybe some more sideways accumulation, after that I think WEN will start to climb - the sky is the limit.
My idea is to DCA a little bit into the marked area.
WEN Looks ready to pumpWEN reached an interesting price zone, that is actually the level -27.5 based on the last leg up. On lower timeframe, we can see that WEN has broken out from major trendline and we can expect a pump at least till 0.000085. Otherwise, if the support at 0.00005 will not hold, we can expect a drop till next support zone at 0.0000215.
MCD Mcdonalds is now at its all time highAs the market leader in the fast food industry, McDonalds enjoys global brand recognition.
It is a slow but steady gainer pays consistent dividends and always has buyers when a seller
lets some shares go at a reasonable price.
On the weekly chart over five years MCD is now at the all time high and weathered the
COVID era and recent market gyrations quite well. The EMA Cloud and Ichimmoku cloud
indicators have consistent slopes tracking in parallel. MCD is consistently above
the anchored long term VWAP showing buyers are in contro. It often uses the VWAP plus
one standard deviation for support. Fundamentally, if a recession hit when eating
customers will be looking for value as a high consideration.
My long term call options average 45% in monthly return. I will buy one more each
time there is a red engulfing candle on the daily or 4H chart.
see also money.cnn.com
Wendy's Abstract IdeaMany up channels can be drawn on chart
The lower red dotted line can be seen as a point of retesting
A common pattern can be observed in white rectangle, which shows a large wick (red circle)
I assume this pattern will repeat just on a larger scale, causing a short lived price rise, followed by a large dump, below the red line
Fast Food Stocks: Wendy'sWendy's Tradiing Plan.
Wendy's is an American international fast food restaurant chain.
Disclaimer:
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature,
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
BULLISH INDICATORS - CHICKEN SANDWICH WAR! - TRADING TIPHere's another tip for the board. FYI... Barrick Gold (GOLD) looks like it's working out since our last tip.
Wendy's just popped up on our daily scan for Bullish PMO stocks
From the looks of the daily chart, the PMO is rising and almost ready to cross to the upside - BULLISH
ICHIMOKU is also BULLISH
Wendy's is having a chicken sandwich war with several other fast food companies.
We all know Wendy's has a fabulous chicken sandwich.
The last 52-Week high was around September 6, 2019 @ around $22.84
A pop through $22.84 could send the stock to $25.00 very quickly
WE DID NOT TAKE A POSITION IN WENDY'S. LET'S SEE HOW IT PLAYS OUT
Best of luck with all your trades!