Tradewizardz

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About me New Trader
Joined United Kingdom OGOptionz
Markets Allocation
100 % stocks
Top Mentioned Symbols
MCD 100% | 1
Tradewizardz Tradewizardz MCD, D, Long ,
MCD: MCD re-test long term support/ 50% fibonacci bullish trade
138 3 0
MCD, D Long
MCD re-test long term support/ 50% fibonacci bullish trade

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

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