My McDonalds Option CallI was just thinking of doing a call since Travis Scott became sponsored by McD’s
MCD trade ideas
MCD 1D BEAR FLAG SHORT TRADEBear Flags are Ranges that are repeatable trading chart patterns.
Bear Flag chart patterns will have a directional bias depending on the previous incoming trend (short trade).
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
MCD dark cloudsDark Clouds formed over MCD. Wait for the end of consolidation; however if you must buy now keep a tight stop. And target sudden breakouts as high as 220
E: 208 +/-1 (upon trend reversal above 207.94)
T: 220
S: tight trailing
Building a short on MCDI think the market is near a short term top (see my $360 SPY idea)
this is a big weekly resistance level.
MC-DONALDS KEY LEVEL| BREAKOUT| TRADING PLAN|
X MCD is trading in an upward channel
X Smaller channel is guiding the price now
X Faces key level resistance
X Wait for breakout>
X IF breakout higher>> long till red resistance
X IF breakout of the small upward channel downwards>> short till green support
X General trend still bullish till the big channel gets broken
LIKE + SUBSCRIBE= LUCK IN YOUR TRADES!
MCDONALDS: Our view for the nex 2 daysMCDONALDS close to short
Entry point 213.25
SL 218.63
TP 202.84
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Trading Kitchen
MCD Upside PotentialMcdonalds will be paying dividends in September to those who still own the stock as of 8/31/2020. That on top of its usual pattern before dividends are paid out makes me think we could see $218 plus. Keep watch.
MCD good setup and good chanceHey everyone,
MCD tested the triangle after it's breakthrough and will now go to the 161 retracement as the swing before in my oppinion. This time there is nothing more to say but good luck and much fun!
Entrance: as soon as the opening confirmes the upper side of the triangle
Stop: 201,50$
Goal: 217,40$
Much fun with that trade!
Leave a follow please, my goal is 200 :)
MCD - Breaking HigherMCD stock is advancing step by step with the support of the rising trendline
today breaking above 203
creating cup and handle formation
targets and support on chart
MCDONALD'S CORPORATION NYSE MCDuptrend closeup 202.50
1 target 215.00
2 target 247.00
3 target 272.40
MCD short with goal!Hey everyone,
I just think MCD will fall to the 50% retracement and after that to the 61% retracement. My final goal would be 188.20$
The RSI tells to sell and my Histogram also shows a sell sign.
Much fun with that trade!
Leave a follow :)
McDonald’s has always managed to scramble through recessions Here’s a Thought! 29 July, 2020, by Vladimir Rojankovski, Senior Analyst, Grand Capital
McDonald’s has always managed to scramble through recessions posting strong financial numbers. This time was different. Wall Street expected McDonald’s to report quarterly earnings at 74 cents per share on revenue of $3.68 billion, but McDonald’s only managed to post its Q2 diluted earnings at 65 cents per share, dropping 67% from the same period a year ago and missing market estimates. As a result, McDonald’s shares fell 2.5% to $196.24 at yesterday’s market close.
Also, contributing to bad news, the fast-food chain's revenue in the past three-month period dropped 30% on an annual basis to $3.76 billion. Meanwhile, operating income plunged 58% to $961 million. The company’s global comparable sales also significantly fell by almost 24% amid sluggish demand caused by the coronavirus pandemic.
This sad story suggests there is no escape from economic slowdown, and we must rethink the entire universe of formerly considered defensive instruments.
ok so where is this heading McDonald's reported and it looks like this will this be a support and bounce off or tire this out let people get out and then recover and take out the resistance?
