A breakout is happening on MCDToday, we will share our View on MCD
Key elements we can see on the chart:
a) The price is above a resistance zone; currently, we can see a corrective pattern on the edge of that level
b) Now, we are observing a breakout of the structure that has been on a range for 150 days
c) Our Activation level is the green line; if the price reaches it, we will consider that the setup is ready to execute
d) The red line below the structure represents the invalidation level or the stop-loss where we will cancel or close our setup
e) The first fibo extension is the break-even level where we will move our stop loss to the entry area
f) The second fibo extension is the target of the movement we are expecting
g) The risk we will take on this setup is 1% of our capital
h) The ascending movement can last between 3 to 4 months
Thanks for reading!
Mcdonalds
MCDONALD'S Stock is looking bearish on Daily chartMy opinion on MCDONALD'S ( MCD )
Currently looking for short entries (put options) once price begins to trade lower than $213
Stock showed indication of a H&S pattern with the retest around $227.
I believe price will head to $206, and possible to $191-$178 , but we will see with time.
McDonald's steals Chick-fil-A sandwichMcDonalds new chicken sandwich has chicken sourced from the same source as Chick-fil-A. It's amazing. Game changer. McDonalds has had crappy "premium" chicken sandwiches for many many years. Long maccas. I just want 5 rep points to chat. It is a delicious sandwich. If I was blindfolded I wouldn't be able to tell the difference between McDonald's and Chick-fil-A.
Selling Burgers, Anyone ?Here's our overview on McDonald's Corporation's stocks for the upcoming days. As always we say, never trade stocks without first understanding the corporation itself, and without following the news. However, based on MacroForex's technical analysis, we have a broken trendline and our MA200 that is about to be broken which leads us into believing in shorting this one. Good luck and happy trading !
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This analysis is for educational purpose and not to be used on real accounts.
Mc Donalds Short-Term AnalysisConsidering it is my first Trading View post, I'd like to start by saying that I'm an experienced (5+ years) Options Trader purely based on Technical Analysis. I'll give my analysis on the price movement of a stock followed by a trade alert. Now as this is fairly for educational purposes, if you do decide to take a trade, it is your responsibility to manage your risk. If you do incur any losses, that is your responsibility too. (Not every trade is a winning trade and it is best to manage risk in order to reduce your losses and burn out your capital. Quite a common occurrence among options traders).
Now when I say short-term, I usually look at the 3-5 week price action. Considering MCD 's current price action, it is safe to say that we are trading well in this triangle pattern as you can see on the chart. Now, Friday validated that pattern, finding support at the $207 level.
On Tuesday, when the market resumes for a shorter trading week, we are going to look closely at the price action hoping to see the triangle intact, which if breaks, next support would be at the $206 level (Set your stop losses a little under this level).
Considering trend lines in the near past term, I see the stock riding up towards the $213-$214 mark. This could happen within the next 2 weeks. (Keep in mind, earnings are on Jan 28th, 2021). We could see a pre-earnings run up higher and probably a breakout back to the $220 levels.
As far as the indicators, the CCI is approaching a buy signal, however validation from the MACD is still to be confirmed.
The trade :
BTO Jun 18 2021 $220 Call
As I said, if the stocks goes below $206, you take the loss and move on, as it is very likely that if it breaks it will retest the 200 MA.
Now the expiry is 5 months out and you can choose to hold it into earnings or buy after, that is your choice. Or buy before and bank on any move prior.
Good luck trading!
McDonalds : enough for the decline?McDonalds shows some resilience on Tesla-triggered sell-off. It might have been pressured already hard enough.
If #MCD is taken Long at 208.50 or lower (mind the morning opening) target could be 235 and even 248. Not overnight but gradually. Stop could be placed at 202 as if it drops there the whole picture might be different.
McDonalds Sell PossibilityHello traders!
Mcdonalds is showing me a couple of different reversal signals after breaking yet failing to break and hold above a key resistance level.
Signal #1: Descending Triangle. I'm watching for a continuation of lower highs and if it breaks below the triangle we will have a new lower low.
Signal #2: It's approaching the 50EMA. I will be mindful to watch for a break at the market open on Monday. This will give me more confidence in the odds of a sell.
Signal #3: Losing momentum on the Money Flow indicator signals bullish weakness.
Signal #4: Price action is beginning to move below a falling VWAP. Breaking above the VWAP will be used as stop loss if I decide to enter.
I am leaning towards a sell back to the support level 210. Patience. I will only enter a sell after the break of the 50EMA for this trade. Let me know what you think below!
*This is not financial advice as I am not a financial advisor. All charts posted are for educational purposes.
McDonald's (MCD) : BUY at $205 - Elliot WaveMcDonald's (MCD) seems like be forming its 5th wave, with SP500 looks like going to correct a bit to $3400 ish, I do expect a little dip of MCD to $203 - $207 level at 0.382 retracement level from its 3rd wave. When MCD dropped to $205 ish, it could be a good buying opportunity. However, keep an eye on SP500 and other major market news, US election has not officially "finished" yet since the Trump administration might take some actions later this year. Overall, with the short-term positive market momentum and MCD's good trend with beating the earnings, it could be going up after a small correction to $250 ish.
Short on open: 220.24 or higher
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MC-DONALDS KEY LEVEL| BREAKOUT| TRADING PLAN|
X MCD is trading in an upward channel
X Smaller channel is guiding the price now
X Faces key level resistance
X Wait for breakout>
X IF breakout higher>> long till red resistance
X IF breakout of the small upward channel downwards>> short till green support
X General trend still bullish till the big channel gets broken
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