Get started
Tradewizardz

MCD re-test long term support/ 50% fibonacci bullish trade

Long
McDonald's Corporation (BATS:MCD)  
Tradewizardz  
BATS:MCD   McDonald's Corporation
0
3
Nice trade here MCD has been bullish of late and has broken through long term support going back to January and has now re-tested that support, which is also a 50% Fibonacci level cluster. With earnings coming on the 23rd of January I would expect bullish momentum into earning. I am looking to do a weekly bull put spread on this trade as earning is around the corner
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.