MCDCL trade ideas
MACDONALDS DAILY ANALYSISHi friends
the graph shows with a very high probability that this market is stable horizontally for the moment therefore nothing should be done before having clear visibility to make a decision
Re-entry point ahead?Possibly a drop to around 180 the backup, or given current re-openings it could just continue upwards as it seems to be at fair value right now according to some analysts
MDC SignalIm getting MCD July 17, 200 Calls for MCD target is $203.11, this will likely be a day trade
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Will it be go week ?MCD's just crossed the 200 on the daily last Thursday, and closed the week out at a long term point of resistance. If it crosses here this week MCD's could be back in a long term upward trend once again (fingers crossed). Get out of the house and start buying them burgers!
2 hour chart of $MCD Impulsive down, corrective upWhen will the bear return in this stock ? with break of lower parallel of schiff upsloper
McDonalds BreakOut Could Rally Above 210IF the bullish momentum observed on MCD is maintained throughout this week, then the stock could likely be eyeing 210 and above in coming weeks...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
MCDONALD'S 1D RANGE TRADES Ranges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
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.
MCD - McDonald's Technical AnalysisTechnical Analysis - The idea is to go long but wait that the support of 190.00 usd will be broken before buying.
There might be a possibility of a price retracement that will test agin the bullish trendline.
Fundamental Analysis:
The fast-food chain was among the best performers during the Great Recession of 2008 and 2009 and looks poised to repeat that accomplishment
mc daily chartit seems that this price has a lot of sellers so we setup a trade with good risk/reward ratio.
A Brief StormThere is a formation of an upward wedge for the large part of May. But in the longer part, there seems to be an upward trendline regarding support. The way I see it, it has a good chance at failing to break the resistance in the short run, but it could do it in June, especially with the economy starting to open up.
McDonald's The trend is bearish. So it's better to take only sell trades. For now use range trade rules.
McDonalds to Retest Recent HighA simple retest of recent high, the overall market conditions are poor with insolvency issues across the economic landscape---so no heroics.
"McDonalds: starting the down move" by ThinkingAntsOk4H Chart Explanation:
- Price bounced on the Resistance Zone.
- After that, it broke the Red Micro Descending Trendline.
- Now, price has potential to move down towards the Support Zones.
Weekly Vision:
Daily Vision:
Updates coming soon!
McDonald's 5 - 15% gains possible this weekMCD's has been trading sideways through April but a range of chart divergences and a higher-low pattern show the stock is seeing momentum shift to push higher.
Catalyst: CEO confirmed on Thursday that supply chain is not a problem as others (Wendy's, Costco & others) suffer with COVID-19 outbreaks at packing factories.
Divergences: Both MACD-Histogram and MACD-Lines are showing bullish divergences, although the lines have yet to cross (Mon or Tue for that). Stochastic is read to move higher having just moved above 20%, and Elder's Force Index is showing a longer term higher low in-line with the bar-chart's own.
Risks: Hourly and weekly timeframes are not looking as strong.
Tactics: look for an open on Monday higher than Friday's open, which will confirm the markets bullish outlook.
Targets: 193 (+5%) coincides with ~200 MA and peak volume profile, beyond there, 205-210 (~15%) to test February's highs
Stops: below 175 (-4%), breaking of recent support whilst its been trading sideways.
McDonalds D1During the quarantine period, almost all catering facilities were closed, in order to comply with sanitary standards. The population of the planet was able to order ready-made food only through delivery. Mack Donalds is one of the few fast food restaurants that has the ability to conduct its activities during quarantine. This situation allowed the company to take advantage of a certain monopoly and make a good profit on it. Also, the company did not stop the McDrive function, which allowed quarantine services to buy food in fast food. Now quarantine restrictions in many countries are partially lifted and the population of the planet is increasing its activity. Those who work at this time just as often use Mac Donalds products. Shares expect good growth prospects.
LONG MCDKeep your trading simple
Bullish Swing
T1 = minimum risk reward 1:1
I always leave 1/3 of my position for long term gains - moving my stop to my entry if I need to give room for the volatility or using trailing stop for maximum gains.
For maximizing your profits you can use Options.
Not a financial advise just my view - trade smart trade safe.
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