Trade ideas
MCD good setup and good chanceHey everyone,
MCD tested the triangle after it's breakthrough and will now go to the 161 retracement as the swing before in my oppinion. This time there is nothing more to say but good luck and much fun!
Entrance: as soon as the opening confirmes the upper side of the triangle
Stop: 201,50$
Goal: 217,40$
Much fun with that trade!
Leave a follow please, my goal is 200 :)
McDonald’s has always managed to scramble through recessions Here’s a Thought! 29 July, 2020, by Vladimir Rojankovski, Senior Analyst, Grand Capital
McDonald’s has always managed to scramble through recessions posting strong financial numbers. This time was different. Wall Street expected McDonald’s to report quarterly earnings at 74 cents per share on revenue of $3.68 billion, but McDonald’s only managed to post its Q2 diluted earnings at 65 cents per share, dropping 67% from the same period a year ago and missing market estimates. As a result, McDonald’s shares fell 2.5% to $196.24 at yesterday’s market close.
Also, contributing to bad news, the fast-food chain's revenue in the past three-month period dropped 30% on an annual basis to $3.76 billion. Meanwhile, operating income plunged 58% to $961 million. The company’s global comparable sales also significantly fell by almost 24% amid sluggish demand caused by the coronavirus pandemic.
This sad story suggests there is no escape from economic slowdown, and we must rethink the entire universe of formerly considered defensive instruments.
MCD. Uptrend channel$MCD - The stock has reached the lower edge of the uptrend channel. Green line at $ 182.9-183 is the resistance line, which has been tested several times during the last 1.5 years. The red line is the resistance line at $213. Over the last week JP Morgan increased its targeting from $180 to $204, SunTrust from $195 → $208, CreditSwiss from $200 → $210. You can try the current prices with short stop below $ 181, Target1 at $195, Target2 at $208-210.
V BottomConsolidating and PUSHING! OOPS! for some reason targets are now showing up on chart//275.5 292
Earnings are 7-26 BMO so risky, but not to break out. Stop under 176. I do not see where earnings are supposed to be overly high. Surprised since they were not a Covidee Closed Company...a CCC They were among the chosen few.
Dunno..just writing what I see.
Not a recommendation and this one has a ways to break out..but I have figured out..I just never ever know!
MCDIf the rotation has any staying power whatsoever. (time has proven that it usually doesn't) but MCD could be a continued play. Not a momentum name but the set up is there. Cup formed handle is getting there. Normally i stick to S/R levls only but hard to ignore decent more. Could be a nice trade have to take what the market gives you.






















