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MCDONALD'S CORPORATION CEDEAR EACH 24 REP 1MM

MCDONALD'S CORPORATION CEDEAR EACH 24 REP 1

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MCD trade ideas

V bottomPatterns are not valid unless break out/Long entry level is reached. I often enter on pull backs before this level if I feel the stock is "cheap" enough, but the actual pattern is not valid unless it reaches this level. It is nice to know there is a pattern to be traded and what could possibly happen if I enter before break out levels, but there is no way to predict what will happen. Market conditions play a huge factor. I think it is best for me to trust the stocks I buy and even then you never know. A long time ago my mentor told me to pick a group of 10 to 15 stocks, follow them, know them inside out, their earning dates etc... and to learn how they trade. MCD has a lot going on in it's chart. It does look as if it will pull back a bit more MCD was in a rising wedge and hopefully completed it's descent from the wedge pattern The top trend line of the ascending triangle can provide support at 202-203ish. NV is high and short interest is low. A lot going on in our world so trade safely Not a recommendation
NYSE:MCDLong
by lauralea
McDonald’s has always managed to scramble through recessions Here’s a Thought! 29 July, 2020, by Vladimir Rojankovski, Senior Analyst, Grand Capital McDonald’s has always managed to scramble through recessions posting strong financial numbers. This time was different. Wall Street expected McDonald’s to report quarterly earnings at 74 cents per share on revenue of $3.68 billion, but McDonald’s only managed to post its Q2 diluted earnings at 65 cents per share, dropping 67% from the same period a year ago and missing market estimates. As a result, McDonald’s shares fell 2.5% to $196.24 at yesterday’s market close. Also, contributing to bad news, the fast-food chain's revenue in the past three-month period dropped 30% on an annual basis to $3.76 billion. Meanwhile, operating income plunged 58% to $961 million. The company’s global comparable sales also significantly fell by almost 24% amid sluggish demand caused by the coronavirus pandemic. This sad story suggests there is no escape from economic slowdown, and we must rethink the entire universe of formerly considered defensive instruments.
NShort
by VladimirRojankovski
MCD 1D BEAR FLAG SHORT TRADEBear Flags are Ranges that are repeatable trading chart patterns. Bear Flag chart patterns will have a directional bias depending on the previous incoming trend (short trade). Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NShort
by Tradingstrategyguides