Slightly bearish on this share after data release of 1.76 vs 1.73 previous. This time my decision was purely based on my new forex system, but testing it on stock market, Lets see what it does! Have a good Trading week, Cream Live Trading, Cheers!
McDonald's comparable sales will be aided by continued investments and menu innovation. Alongside above mentioned factors, its international presence with a softer USD will aid overall margins. However, with rising wage growth and soft quarterly restaurant spending globally, I expect profits to be under pressure. Guidance should underwhelm with the...
A huge extension in wave III is likely going to be continued
MCD has been raising alongside the market but, while the whole market (as well as XLY fund) added around 30% since 2016 lows, MCD was only able to push up a half of it. On one side, the stock potentially is underperforming but technicals say it has a very strong resistance to break. Daily chart shows bearish divergence, same as Weekly timeframe, and we are very...
If point D is approved short position Complete wave 3
Bulls are likely going to deliver wave (iii) of {iii}
There's an opportunity to have a bullish impulse in wave 3 of (5)
Elliott wave + Fibonacci 1-2-3-4-5 already done. Now need go to A-B-C
The home of the big mac is entering levels that I believe would be a good place to initiate long positions. Say b/w 105-115. I would stop out under 102.50 They also support a dividend yield of 3.27% Link: www.google.com Their dividend payout has been rising at a nice clip, so it seems pretty safe. Link: www.nasdaq.com As always, have a plan before you enter a...
Holiday sales this November for Thanks giving would suck for sure. And also same for X-mas and New Year for Target. TGT TARGET FROM 2015 July high $85 it is slowly trickling down. If you draw a line from that high to 2016 march high you will get a better clear picture. It may not get bankrupt but stock will be in a good position to buy if it breaks 2 support...
There's an opportunity to have a bullish impulse in wave 3 of (5).
We have quite the H&S confirmation signal here with the weekly close below the weekly 50/60 ema aswell as the neckline. Obvious short play and should be an easy 3.3% Stop is protected behind daily 200/250 ema + fib retrace. If price pulls back into the week for a retest of daily resistance I may add to the position.
I am just now learning how to use the Fibonacci theory and need some help. I am very interested in buying MCD and am trying to find a good entry point. I have heard somewhere that reversal usually happens when the 127.2% mark is crossed on the way down. Can someone confirm that this is accurate or correct me if I am wrong. Thanks!
Main signals: 1- strong monthly short trend, 2- local short trend 3- flag Sell the breakout of bottom flag's line 54.70-54.60 Stop-loss 56.30 (+1 tic flag's high price) Target 52.50 (sizing+strong supporting level)
$MCD ascending broadening wedge on daily w/ gap open below. Expecting move to fill gap to 105s.