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MCD trade ideas

Technical Analysis : McDonald's At Critical SupportTechnical Analysis After breaking the minor falling channel ( I mentioned in my prior long term analysis 8 months ago, check links below)the price headed to retest the top of the main long term rising channel, but Price failed around the major high at 102.22 again. And that keeps my overall bias bearish, a break and weekly closing below 92.20 may give further confirmation for the the bearish formation, as the price would complete a double top formation, within the context of a wider potential triple top. That could signal a move to 83.30 major low and neckline for a major long term bearish triple top. I will keep my eyes on 93.20 level for now, which should determine the next trade. Best of Luck , join me at twitter.com Also at my Facebook page www.thefxchannel.com My best regards, Technician
NYSE:MCDShort
by Technician
4
MCD Long; 150EMA Support - Risk:Reward Of 62:1This trade setup is pretty simple and doesn't require any rocket science. McDonald's, or MCD, is a component of the DOW30. MCD has been in a trading range on the weekly chart for quite some time now. We are currently at the bottom of this range, providing an excellent opportunity to get long. I'm using covered calls in this name to get long the stock at as cheap a price as possible. The RSI show at label (A) is finding support in the oversold zone we have seen it bounce from before. In addition, we have moved off the 150EMA Weekly, which if you look at the green ellipse has previously held up since about 2007-2008 (not shown in this chart). There are two long possibilities here for me: 1) Buy MCD at 93.68 and Sell the Oct. 100 Call for $0.27 making your cost basis $93.41. With our stop on a close below $93.05 we are risking about $0.36 to make a maximum of $6.59. That's a risk reward of 18:1. 2) 1) Buy MCD at 93.68 and Sell the Oct. 97.5 Call for $0.57 making your cost basis $93.11. With our stop on a close below $93.05 we are risking about $0.07 to make a maximum of $4.39. That's a risk reward of 62:1. (I traded #2) The risk reward is assuming we could close out the position on the penny. This of course is not entirely true because we do not know how far below the market can close. It give you an idea however of just how well this trade is setup. You can tailor your stops to your liking. For example from this level, my stop is on a close below $93.05 or a touch of $92.35. This is because I never risk more than 2% on a single trade. I traded play number 2 because it brought my cost basis closer to the EMA reducing risk, while limiting profit. To compensate I doubled the size of my MCD position so the profit would match that of Trade Play #1, with my total risk being less than 2% still, and appropriate stops in play as mentioned. $97.50 is the closest and more likely target, with $102.00 being the top and more extended part of the range. So by using the $97.50 calls and doubling my size, my chances are better yet that I will achieve the same profits as Trading Play #1, simply because it only requires MCD to head towards $97.50 and not $102.00. Good luck, and may the markets be ever in your favor!
NYSE:MCDLong
by TheProfitcy
McDonald’s @ Weekly Support LevelThe price begins to stabilize at the level of the minimum area between 93.14 and 92.22. Behavior that allows price oscillators triggered buy signals in highly oversold levels are accompanied by a surge in trading volume. In this context we decided to give an opportunity for establishing a long position to stop weekly close below 92.22. An upgrade to the daily closing intermediate resistance located at 97.58 would adjust upward the stop operation.
NYSE:MCDLong
by arodatos
mcdon the monthly chart we are in a price range of between 93 and 103 currently on the weekly chart we find ourselves on the support of 93 but already three weeks ago we had a large increase in volumes on a candle of indecision (minimum reached 94.78 then go to close 95.66)) the next 2 weeks we had 2 candles always very small and always indecision and quedi likely that prices can rise up to the strength of 100 as on the daily chart until you get to 100 you are in the presence of three gap to close
NYSE:MCDLong
by serpico.salvatore
1
MCD or who doesn't like junk food anymore...I have been watching MCD since few weeks ago Chines authorities started an investigation of fast food chain selling old meat from other countries to China market....Since then the stock have been plunging. What added to the bearish bias was the new Russian sanction and Russian government announcing it will investigate the fast food chain for miss-serving and foul practices. So their we have it down 10% for two months to the 0.786 fib retr of that last bull leg from the begging of the year. RSI is very over sold and double bottomed with divergence. To all that and a case for entry we can add a strong and stretched structure sup/resit area. I am going for T1 at 0.382 and T2 at 0.618 fib restr of this whole short leg from the highs. RRRis 1:2 and 1:3 with my stops under the sup/resist area.
NYSE:MCDLong
by KalinPPetkov