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...
QSR been consolidating its gains after its run up from covid19 bottom. Stock is forming 3+ months ascending triangle and seems ready to begin its next move. Symmetrical triangles (unlike Ascending and Descending triangles) could end up becoming a trend reversal or continuation patterns depending on the direction they breakout into. the 200 MA is smack in the...
This week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day and I keep my stop losses really tight.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the...
Hello traders, RESTAURANT BRANDS INTL gives a buy signal, rejection of buyers on the vwap with rebound and large purchase volume. But despite this it is very plausible which rises to break its zone of equilibrium, if the angoument of buyers are there, we can make an attempt to break the new zone of equilibrium.
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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