MCD sometimes the burger fliesAn ordinary channel with a bear trap is my beloved cocktail. The only risk is looming earnings day when all the tech is downplayed by fundamentals.
MCD trade ideas
Mickey Dee’s earning playGonna run this till earning w a few calls. Gonna sell most of my calls day before earnings and let the rest ride. Fast food has been going crazy on earnings - this one is ez money
MCD long from 240, PT 260Fib retracement should give us a good idea of the first PT, anything above that and we print big time
$MCD - Ascending triangle playing outPlaying out ascending triangle. Rejected at upper trend line . Support is $233.80. If that fails we can retest the bottom trend line.
Support - $233.80
Bad case - $230
Entry - $230 -231 (if it gets there)
Stop loss - $227
PT 1 - $240
PT 2 - $244
PT 3 - $248
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines .
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
McDonalds +20% Upside Trade?MCD's has consolidated nicely right along its recent all time high set months ago at $231.91 and is doing so off of consecutive higher highs and higher lows on significant time frames.
On the monthly, we also see that McDonalds is putting in a bullish engulfing candle. There are still a few weeks left in the month, but with the price already being in blue sky territory, and very little bearish momentum in sight, there does not appear to be anything in its price chart to hold it back from running all the way to its first fib extension at around $297.88 roughly, based on a retracement from its previous all time high in October 2020, down to the swing low in March 2020.
From the time of writing this that would be a 25% gain approximately.
Stop loss just below $231.91 and $221.29 would be wise (just incase it wicks). Be very cautious with a close below $221.29 as there is plenty of room to fall swiftly if volume/bids fail to come in.
MCD forecast and possible long setupFibonacci analysis can sometimes reveal trends that were possibly hidden, by charting these channels and retracements we can visualize possible setups which we can adjust as we observe market movements and price action.
If the corrective wave occurs, it may provide for a nice long setup in autumn. Nobody trades in summer, enjoy the sun(few exceptions).
This is the real MACD, a true indicator of market sentiment, a security that must be followed on a regular basis,100% watchlist.
Happy Trading.
MCD bull put spread
10 DTE May 21, 27% ROI
Potential downward channel with slope translation from the selling highs.
Almost into an aggressive buying and demand zone in the 5m timeframe not seen on the hourly chart.
4h trend is up, 1h trend is sideways caught between 1h supply and demand zones, just as I like it.
It's a wide 2.5 strike width, but position size reduced.
This morning was a huge gap down day for many stocks and I missed many entries at the open.
But MCD declined into the strike zone during lunch and I was away from computer.
As it was rallying I was able to sell for 0.54, 27% roi, but it's out 10 DTE
Sold strike is tucked behind a spike low.
$MCD with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $MCD after a Positive Under reaction following its earnings release placing the stock in drift A
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Trading Idea - #McDonaldsBUY:
ENTRY: 235.10 USD
TARGET: 260.00 USD (+10%)
STOP: 221.50 USD
1.) The former downward trend (Oct.2020 - Mar.2021) was ended by a strong upward movement, which broke through the resistance level at 230 USD. Technically speaking, this means an upward movement continuation.
2.) The business of the world's largest fast food group has recovered. The reason for this are the many drive-in restaurants especially in the US, as well as the delivery service and the digital offers.
3.) For 2021, McDonalds is considered a profiteer of the step-by-step reopening in the pandemic.
Private live trade recap $MCD// 0 mae $easy money Trade recap, if you guys are not aware of opening price guarantee on tws, interactive brokers please research it pls, Live trading is limit to 3 right now, thank you for interest (dm's for waiting list )
@PETEYboy @Francescaliwag @USA_Capital_Funds
Mc-DonaldBased on Technical Analysis, there are a lot of opportunities that will make sure that the share price of the company declines. no more bullish movement for the company, up until the tagerted price level its hit. This means that the share price of Mc donald is expected to drop till the market hits the take profit. this will be taken into consideration in making analysis on a Monthly timeframe.
Extra Taste for McD'sI get the same end game for McD's crash target price, same year as the SPY target hit, why is the bottom targeted 2025? who knows, all I know I discovered the secrets of the stock market that might get the FED and SEC tracking me down and forcefully make me delete all these posts and my social media, I might be the lucky millionaire to successfully short the entire market, or i might be the loser to lose everything, fate decide, but as a mathematically chart reader pro, my fate has already been decided.
this is not financial advise, always do your own due diligence.
Daily McD's treatmentThis is your monthly forecast for MCD's, my pattern was unique observed a strange presences of a market fall, but this could be a massive correction before an actual stock market crash that my belief will start 2022 after the massive market correction rebound, but the odds of that happen is very little, it just a belief.
Other than that, its a forecast, like any weather man, the only job that cant be blamed or fired if wrong. This is not financial advise, always do your own due diligences.
thank you, if you want me to forecast a stock, just simply follow me and comment a ticker and i will be happy to do it next business day!
have a happy trading session tomorrow :)
Cup and Handle Rising wedgeI do not like the rising wedge. Rising wedges are not valid until bottom trendline is broken.
Rising wedges are usually bearish and interrupt supply and demand. Both trendlines slope up and then converge at the apex. In the long run, rising wedges are a terminal pattern. Support within the wedge can catch the fall. There is support up high in the wedge pattern.
Vup low is 202.73 Cup depth is 29.18 Mid cup is 217.30
No recommendation
$MCD DAILY BULLFLAG (TRADE IDEA)Trade idea on $MCD. Ended today with huge pop putting over its daily resistance. Could see this price itself it before earnings.
MCD Downward ChannelMCD has been caught up in the market tides but looks to be quite overvalued. Hitting this trendline from the fall, we're seeing this perfect channel that proves a great MCD short. WIth RSI and Stochastics pointing down, and given the current market volatility, I'm eyeing May puts for a short term swing!
MCD possible shortMCD approaching Supply zone. I'll be monitoring to see if it does not break the zone and rejects it. Target is the yellow line.
$MCD McDonalds Next Trade Setups.
The stock has thrived during the pandemic and now seemingly investors see it as a open up stock also.
Potential day trade to the ATH between pivots.
Breakout on the horizon with $240 as 1st PT.
Identifying confluence for Buy/Sells and Trend reversalsMore practice from Price Action Breakdown Chapter 3. If you stopped to master this chapter, you might not take another step in your life. I will have to keep pushing the pace over the weekend to get the material in. I will set my goal a finish this chapter by Sunday. Quality may go out the window, but executive decision are being made. Will have to re-read this part.
MCDIf we break above this we are going to get going more but we could see a pullback into 200. I would enjoy buying some shares at the 200 level
