Bullish on MCD for mar 5/12 calls 217.5 Take a look at the weekly chart and there is a falling wedge pattern. the higher the timeframe the higher the measured potential. March 5 or Mar 12 options look nice.
***this is just my opinion. Do your own research and enter at your own risk.***
Good day friends, taking into account the decline in the dynamics of padnemia, it is fashionable to expect that by the summer more than 70% of McDonald's outlets will be open
Looks like MCD is finally breaking this falling wedge pattern that we've been looking at for months now, a break over $216 will be needed to confirm the move. Targets for options are as shown, and the target for our equity position will be at $245 based on longer term Fib levels.
Uptrend, EMA55/144 as support Zone
Wedge
Rally after 1/29 Earning.
Entry 212
Stop 200
Target 230
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
i guys, this is my idea only. Please message me privately if you would like to see for my trading strategy e.g. how to use EMA , Price Auction and MACD strategies etc.. I would give my ideas on 10 different items each week here. My main trading strategies are on trend and swing trading and my positions are on H4 and day chart only. I don't do intraday trading in...
McDonald's (McD) (January 28th 2021 through July 2021)
Low: $182-$201
High: $224-$252
I'd imagine analysts may be very close with 2020 Q4 earnings estimates but I cannot personally gauge whether or not it will out or under-perform. I'd imagine a positive guidance report is in order but if EPS under-performs it may only be by slightly. ($1.77 expected median,...
