This trade setup is pretty simple and doesn't require any rocket science. McDonald's, or MCD, is a component of the DOW30. MCD has been in a trading range on the weekly chart for quite some time now. We are currently at the bottom of this range, providing an excellent opportunity to get long. I'm using covered calls in this name to get long the stock at as cheap a...
The price begins to stabilize at the level of the minimum area between 93.14 and 92.22. Behavior that allows price oscillators triggered buy signals in highly oversold levels are accompanied by a surge in trading volume.
In this context we decided to give an opportunity for establishing a long position to stop weekly close below 92.22. An upgrade to the daily...
on the monthly chart we are in a price range of between 93 and 103 currently on the weekly chart we find ourselves on the support of 93 but already three weeks ago we had a large increase in volumes on a candle of indecision (minimum reached 94.78 then go to close 95.66)) the next 2 weeks we had 2 candles always very small and always indecision and quedi likely...
I have been watching MCD since few weeks ago Chines authorities started an investigation of fast food chain selling old meat from other countries to China market....Since then the stock have been plunging. What added to the bearish bias was the new Russian sanction and Russian government announcing it will investigate the fast food chain for miss-serving and foul...
$MCD has been trading mostly sideways since the beginning of 2012.
the monthly W%R appears to be rolling over which could mean negative short-medium term pressure on the stock.
since 2008-10-01, McDonald's:
price: +108.54%
revenues (not shown): +20.8%
EBITDA: +41.03%
net income: +21.73% but at the same level it was at on 2012-01-02
free cash flow:...
Time, Price,Pattern and momentum all indicate that the market is ready to go up, I think we by a trigger in the lower time frame we can enter to the market
A monthly chart shows McDonald has been in consolidation phase since 2012 forming a slightly rising wedge.
Judgement day is about to come very soon as the price is at the end of the congested whipsaw movement.
A simple projection of possible upside and downside shows roughly where the price would hit for next resistance or support level respectively.
However,...
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
Price failed around the major high at 102.22, heading back lower within a minor falling channel, a break and weekly closing below 94.00 may give further confirmation for the the bearish formation. That could signal a move to 83.30 major low and neckline for a major long term bearish double top.
Note: This is a non-confirmed setup and might be...
Hopefully will make the $96.50 target well before Dec. Overall, MCD on a bearish trend, which started in the spring. In the short term, likely bullish to probably no higher than $97. Thoughts/feedback?
Trading it live on daytradingradio.com this is a sample of the HPS watch list for this week. Each week a detailed watch list consisting of 10-15 stock set ups based on the HPS method one is given to the public as the Kick Ass Trade of the Week
