RESTAURANT BRANDS INTL Buyer OpinionHello traders, RESTAURANT BRANDS INTL gives a buy signal, rejection of buyers on the vwap with rebound and large purchase volume. But despite this it is very plausible which rises to break its zone of equilibrium, if the angoument of buyers are there, we can make an attempt to break the new zone of equilibrium.
Please LIKE & FOLLOW, thank you!
QSR trade ideas
QSR just more explanationsame expectation as before. just more accurate. based on this more chance to decline technically but fundamental Q1 report can change the game as well. both scenarios are visible in the chart.
1st we had a cup and holder pattern
2nd it increased on the elliot wave as expected from cup and holder
3rd both together put the pattern to the rising wedge
4th correction happened in the wedge so far. this much (4% down today) was more than 90% chance to happen from yesterday and nothing special
5th now it is more rejection than going up. but depends on the Q1 report.
sinosical pattern is also matching the high and lows
* bollinger ave band, horizontal support and fib retracement levels can act as a support in case of fall
$QSR Is A Smart Long-Term Play$QSR owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items. As of December 31, 2018, the company owned or franchised a total of 4,846 TH restaurants, 17,796 BK restaurants, and 3,102 PLK restaurants in approximately 100 countries worldwide and U.S. territories. Restaurant Brands International Inc. was founded in 1954 and is headquartered in Toronto, Canada.
In recent news:
Burger King (NYSE:QSR) restaurants are adding the Impossible Whopper sandwich to its well-known 2 for $6 promotion.
The development is another move forward for Impossible Foods (IMPF) into the mainstream.
We also expect the Popeyes chicken sandwich to drive same-store-sales.
Notable shareholders include Bill Ackman's Pershing Square with a 5.05% stake and Warren Buffett's $BRK with a 2.83% stake.
As always, trade with caution and use protective stops.
Good luck to all!
Big incoming breakout ?://www.tradingview.com/x/Sa2vQQey/
On the 3D chart we can see that when price action is oversold on the RSI and R% and has touched the 200 EMA it has bounced.
On the 2HR we can see that not only is it forming a falling wedge, but it is resting on support that was formed on march.
There is bullish divergence on the RSI and William R and in the macd histogram (hard to see in this graph).
Moreover, it is currently sitting in the Fibonacci golden pocket .
Interestingly the height of the falling wedge and a Fibonacci extension has the same price target of 100.
Like if you agree and please point out anything bearish about this play, so together we can all make money and protect it as well.
QSR Potential Long Stocks Swing Trading IdeaUsing our ElliottWave Indicator suite for the TradingView platform we have put together a long term stocks swingtrading opportunity for QSR on the Weekly timeframe.
The wave 4 profit taking pullback has found support in our Red probability zone, which represents a 75% probability that the price will return to the main bullish trend and hit our automated elliowave 5th wave target zone now printing in Blue on the chart. The pullback on our Elliottwave Oscillator during the wave 4 is between our 90-140% criteria.
Our False Breakout stochastic indicator shows yellow dots in the overbought zone, denoting strong bullish momentum. then when, during a wave 4 pullback, the stochastic pulls back against those false breakout dots and crosses in the oversold zone, it is highly likely the stochastic will return to the strong overbought zone.
All of these factor using our extensive Elliott Wave Indicator suite represent a high probability long swing trading opportunity on QSR.
We must still, however, be conservative on the entry due to the deep pull back into our red zone. Therefore a long entry at $71.45 is considered safe with a stoploss of 63.65. This still give a risk to reward of 1;1.6 to our automated target zone at $84.
Learn more about our Elliott wave Indicator Suite for the TradingView Platform >>HERE<<
QSR- Bull Put SpreadHigh Vol. High Beta Stock.
RSI <5 and PA struggling to go below 74.
Looking for Reversal to mean higher.
Taking 72.50 / 70 Put Credit Spread.
Also picked up 75 Call for Directional Bias Higher.
Oct Exp but aiming to Close in profit well before that...
Good Luck - Watch your $$$ RISK