These important sectors have not been booming for over a quarter (no Robinhooders around these sectors, and not worth a Reddit meme) -
- Telecommunications: T, VZ, TMUS
- Quick service fast food restaurants: MCD, YUM, WEN
- Consumer Staples (ETF is XLP): household products PG, CL, CLX: food MDLZ, GIS
Stage 4 of growth has just started....?
History tells us that....
Domino's Pizza Enterprises Limited (DMP) is engaged in the operation of retail food outlets and franchise service. The Company holds the exclusive master franchise rights for the Domino's brand and network in Australia, New Zealand, France, Belgium, the Netherlands, Japan and the Principality of...
same expectation as before. just more accurate. based on this more chance to decline technically but fundamental Q1 report can change the game as well. both scenarios are visible in the chart.
1st we had a cup and holder pattern
2nd it increased on the elliot wave as expected from cup and holder
3rd both together put the pattern to the rising wedge
RSI is just below 30 maybe we are going to extend further into oversold? Also need to break that blue line on the RSI then its definitely a buy! Good dividend as well a good long term stock to buy during corona?
This morning we were sent an article from a Wall Street friend dated December 27, 2019, approx. 4 weeks ago.
Here's the link...
Wendy's is in an uptrend moving into earnings.
YUM Brands, with a market cap of over $30 Billion, could buy Wendy's without...
$QSR owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. The company operates through three segments: TH, BK, and PLK. Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis,...
Using our ElliottWave Indicator suite for the TradingView platform we have put together a long term stocks swingtrading opportunity for QSR on the Weekly timeframe.
The wave 4 profit taking pullback has found support in our Red probability zone, which represents a 75% probability that the price will return to the main bullish trend and hit our automated elliowave...
Mc Donalds will soon feel the heat due to the increase in competition among other fast food retailers. I really suggest taking the time out of your day to hear me out and possibly rebuttal my claims.
QSR was running within an upward channel formation for a while. However its getting weaker, and Twiggs money flow showing strong divergence.
We think it has good down-side potential from here.
* Trade Criteria *
Date First Found- November 9, 2017
Pattern/Why- Upward channel
Entry Target Criteria- Break of $64.87
Exit Target Criteria- $56.57