Another interesting stock to buy now and in a month if the price continues to go down.
We reached support level and I drew other ones, but in general, I expect the price to go up and I can close the deal in profit sooner or later
Green trades everyone!
If you look at the price chart of this company for the last 3 years it might not impress you.
Also, now might not be the best time to open a buy position, but what we can see from a technical perspective - is forming a flag pattern, which usually ends up in breaking support or resistance lines.
Both ways are good for us as if the price goes up and...
I wish I found this stick before March, which seems to be perfect for hedging or investing in general.
And now we are touching support level, going to enter now and later if the price goes down, as in long-term (1 year+) I believe in profit.
While COVID-19 vaccine still not found and there were some issues with 737 MAX and tourism in general in drawdown it gives a good opportunity for long-term investors who believe in Boing to buy their stocks now at a "discounted" price and get some profit in few years.
I drew "short-term" support/resistance levels just to show where we can go if we won't hit second...
Sooner or later AIRBUS will rise to 150, as an intermediate take profit level investors might look at 100.
It's constantly going up for last decade, COID vaccine will be found, so in the long term, I think this is a good investment.
I wish I post my analysis yesterday, as I knew the price to knock the support level and go up.
I personally trade without leverage and stop loss as I know in long term price will reach 40 minimum and 100 in a longer term.
Enter now and enjoy)
I've already made some profit with this company and believe in future growth. Current levels seem to be interesting to open a buy position. There is a support level I drew below the current price level, hope the price to go up.
As always using support and resistance levels, I also checked some fundamentals as well as hedge funds and institutional investors' expectations and also because McDonald's is well-known trademark I don't expect it to drop below 170-175, look at horizontal the support line I drew.
So I entered long position and might enter again even if price drops as I believe in...
Looking at the last price drop and current support/resistance levels I do not expect the price to go down below 185? so you may tune your SL to wait until the price go up again.
There are two entrance points: now at 210 and at 200, which is the round number and support level as well.