Burger King high time frame view 1. Taken support at long term trend line 2. News supporting the stock as scaling and acquiring new company 3. Also opening new outlets could widen the horizon of growth 4. Unlock trade, most food stocks are going to rock Disclaimer: For learning purpose only
MGL looks bullish, reasons for the trade: 1.Took support at long term trend line 2.Hammer on the trend line 3. Good volumes
For educational purposes. Stock looks to be in long term downtrend and reached the trendline support on weekly timeframe. Could go long with a small stop loss of 3 rs and a target of 15 rs (1:5 R:R ratio) Reasons for long: 1. Higher time frame trendline support 2. Psychological support of rs 100 3. Bullish RSI divergence of 1 hour time frame 4. High risk...