Restaurant Brands looks to be in an upward trend based on Elliot Wave analysis. I predict QSR to drop slightly at the market open tomorrow the continue its upward trend.
QSR has broken below a Monthly Trend Line and has begun to attempt a break down of the $62.50 Level of Interest. If this level breaks down, we could see QSR go for at least a 0.786-0.886 retrace, which is down at around $30, as it catches up to the downside we've seen on the other fast food chains.
The PEAD projected a Bullish outlook for $QSR after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
Two trades one long and one short trading the upper and lower bands of a price channel. I dont generally trade a price channel for many reasons, but with the long term chart dominating trend in my favour it worked out. For this trade my long-term chart was (W) chart and my current price chart (D) chart. The current chart is where i take my entry, stops & cover my...
When i want to take a trade, I look for ODD ENHANCERS, the more odd Enhancers I have the more likely the market will turn in my favour.
One of the most important Odd Enhancers is proper Risk to Reward ratio. Rs/Rw means how much am willing to risk if the trade goes against me, divided by how much Reward is trade gives if it is profitable. A properly weighted Rs/Rw...
Short (Entry Price) within the sell zone area and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $55.14 / $55.70
Target Price: $54.49 / $55.18
Stop Loss: $56.22
We have observed a bullish move out of the downward Channel that QSR has been trading within. Where does QSR go from here? Upward; I believe at least in the short to mid term. I expect we see a spike up in price to $66 a share, and then possibly a retest of 52 week highs around $71 a share. I will mention there is strong resistance at and around current trading...
After making a high of 87.32 in may 2021 we had a pullback of exactly 20% to 69.42 low in October
Now at $75 and only down 15% since that may high the chart is looking good for a reversal.
The action on the monthly window is quite positive now that it has broken to the upside forming an outside candle in the process which is bullish
That being said we have 23...
Basic Price coming into DZ. Good odds . Price fluctuated in DZ & close below it. STP triggered. Loss carried
LONG on QSR - Took Loss
LOSS Taken 0.88
Why I took the trade?
The long-term (M) in uptrend
The trade chart(W) is in correction.
The price coming into the DZ (D) unbalanced selling. Outside BB bands
Low Risk as ENT was near the bottom of DZ
TOOK my Loss - am...
Positioned LNG = long entered in beginning of the year using (W)=weekly chart to identify trend. using (D) to identify enter position. Stock in bigger time frame (M) =Monthly is in uptrend. let profit run.closed 1/2 PSTN while price is coming into SZ =Supply Zone from (M), price went & broke the (W) uptrend & I closed 1/2 position by stop triggered
I love OTM calls because I do not have a tone of money to invest and they are basically low risk & high reward. By low risk I mean you can only loose the small amount of money you put in while the return could be double or triple your money. Using TA software like tradingview & their algorithms/scripts created by TA geniuses has been my biggest success.
What...
Based on technical analysis, I see Restaurant Brands breaking through resistance which is the red cloud above the candles.
Heres why I believe this,
Double Buy signal on the Guth 3x confirm which is highly accurate
Growing bullish divergence as indicated by the MACD and D+ ( green shadow below candles representing growing bull strength )
Daily volume is low...
No rising wedges in the yearly chart.
Support under handle low (HL) and mid cup which is 61.23.
Cup depth is 8.09. Targets are calculated using cup depth and fib levels. Deeper cups have higher targets of course (o: Long entry is above the opposite side of the cup's high.
Not a recommendation.
Picking a good long entry level can help your psyche. Seeing...
