MDO trade ideas
MCD possible longMcDonald's ran 86% from March lows and has been down-trending since early October forming a nice base in the 205-220 price range. We broke the downtrend on Friday with a slightly below-average volume. I would like to see a break of the 217.56 area along with a successful retest before taking a long position. I drew two possible long scenarios I see playing out, would like to see more volume come in as well. This looks to be your standard continuation pattern fueling our next leg up. Risk/reward is great with strong support in the 209-212 range, best of luck trading!
MCD - EW analysis - 5th wave after correction MCD - It was broken up the triangle, but still the impulse is not there. Wait for impulse up to confirm the 5th wave up cycle. Once it confirmed, buy the pull back with stop level below 208.30 for target above 235 or higher level.
Give thumbs up if you really like the trade idea.
McDonald’s Attempts a BreakoutMcDonald’s has trended lower since late October, but now may be attempting a breakout.
This chart shows the declining trendline in place since October 23 and the 50-day simple moving average (SMA). MCD pushed above both -- for the first time since the recent slide began.
Next, the recent low on January 4 was higher than the December low. This has created a potential inverse head-and-shoulders pattern.
Fundamentally, the hamburger chain has been adapting the new normal with major digital upgrades. It tried to rally after results beat estimates on November 9, but couldn’t overcome the bearish momentum at the time. (That’s also when coronavirus cases were starting to climb again.) However, MACD has turned positive since then.
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Traditional|MCD|Long and shortLong and short MCD
Activation of the transaction only when the blue zone is fixed/broken.
Working out the local support and resistance levels of the triangle.
The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Blue zones - activation zones.
Green zone - take zone.
Red zone - stop zone (S-SL short stop, L-SL long stop).
Orange arrows indicate the direction of the take.
Red arrows indicate the direction of the stop.
MCD - EW analysis - 5th wave - need confirmation before trade MCD - It is in Y wave triangle of 4th wave correction and expected to go higher in 5th wave. But need confirmatory triangle break out and impulse up as reference before taking any entry for buy set up.
Give thumbs up if you really like the trade idea.
McD Short Term Idea (Jan 4th 2021 through Apr 2021)McDonald's (January 4th 2021 through April 2021)
Assuming a bullish path:
Low: $201
High: $230-244 (or more)
Assuming a bearish path:
Low: $186
High: $220
Long term idea attached here:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
McD Long Term Idea (Jan 2021 through Jan 2023)McDonald's (January 4th 2021 through January 2023)
Assuming a bullish path:
Low: $190-$201
High: $252 (at the very least)
Assuming a bearish path:
Low: $124
High: $220
Trying to do some more long term forecasts just for practice! This could definitely be very wrong so don't take my word for anything!
Related idea is a shorter term forecast below:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
Weekly Outlook(patterns to watch)$QQQ $EA $MCD $CMCSA $GLD $LAZRHere, I go over a few patterns I am looking at for the coming week, It looks like we have a few good set ups to start us off for the new year!
MCDtriangle breakout out of the channel. Failure to break above last week high might bring it lower to complete C wave
MCDIts at weekly support with some testing. So this ones interesting to me as well on daily and 240 min pull backs into those targets up there
MCDO CORP LONG with POTENTIAL +5% RETURN and MORE Nice potential for MCDO CORP with the price showing support at $214.
I am expecting A LONG POSITION with a first target at $227 = +5% and holding the position for more RETURNS.
Buy Signal: 215.05Stop: 205.00
Model range play back toward highs.
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MCDBreaking above 215.00 . Will be the
first possign here for the targets
of 228 -231-237,
conservative stop loss 212. Stop
McDonalds : enough for the decline?McDonalds shows some resilience on Tesla-triggered sell-off. It might have been pressured already hard enough.
If #MCD is taken Long at 208.50 or lower (mind the morning opening) target could be 235 and even 248. Not overnight but gradually. Stop could be placed at 202 as if it drops there the whole picture might be different.
MCD - I'm lovin it!Quick update on Mc Donalds! NYSE:MCD
Because of the price movement this morning, i decided to open a long position in mc donalds.
The wave 4 correction is very likely over and we will start our journey to prices of 250$ or more.
Primary scenario:
In the next days and weeks we will see a solid uptrend, wave 5 should bring us to atleast 250$
From there we will start a short correction, in the long run mc donalds can reach prices up to 300$
Alternative scenario:
My alternative scenario will get triggered if we break the previous low.
The bears will bring mc donalds directly to prices of 190$ or lower.
Long 1#
Entry: 212.22$
Profit target: 250 and more !
Stop-Loss: None - Buy and hold
MCD completing perfect cup - shortWith MA 50 and 200 crossing, MCD is completing its reverse cup form. Price target 184
