So this article supported my hunch about MacDonald delivery business.
If the coronavirus continues to invade more countries, what business would continue to thrive?
MacDonald came to mind as it delivers a lot of burgers each day. And fries too.
If you followed our call to buy this counter in November last year, you would have made nearly 10% profits on it. Congratulations to those who followed.
Looking at the 1H chart, there is a possibility that it might correct a bit. If it does, it is more likely to revisit the support at 206.93 than 202.72.
And no, I am not shorting this stock as it is still riding nicely on all time frame on a bullish move!
Trade safely, always use SL and employ appropriate risk and capital management . GBU.
Comment
⋅
The importance of understanding and applying trend lines and also knowing how to short sell all clearly illustrated in this chart. Arm yourself with the skills and not sit on the fence and watch your positions bleed