Quick Simple ReturnsQSR baby! That's what that stands for to me. Anyway, it took a ton of searching, high and low to find this stock. The markets just haven't really turned from their bearish sentiment even after a strong day yesterday. I need to add some long delta to my portfolio and think this stock is just the one. Check out my market overview for why it has been so hard to find a bullish stock.
QSR/N trade ideas
Restaurant Brands: Bearish Below The $62.50 Support LevelQSR has broken below a Monthly Trend Line and has begun to attempt a break down of the $62.50 Level of Interest. If this level breaks down, we could see QSR go for at least a 0.786-0.886 retrace, which is down at around $30, as it catches up to the downside we've seen on the other fast food chains.
Trading the price channelTwo trades one long and one short trading the upper and lower bands of a price channel. I dont generally trade a price channel for many reasons, but with the long term chart dominating trend in my favour it worked out. For this trade my long-term chart was (W) chart and my current price chart (D) chart. The current chart is where i take my entry, stops & cover my positions.
First trade was in January when price entered a DZ, while the Long-term chart was still in uptrend.
I took the LNG w/ a STP below the DZ. i was risking 0.90 per share for a reward of X3 if price hits my Profit Target PT1 at the top of the channel.
The Second trade was more recent in April with the long-term chart (W) in a downtrend now, & price is coming into the upper court of the channel,
my SHRT executed near the top of the channel, provided a low Risk entry short with a STP loss of 1.2 per share. The reward was again a X3 if price enters the lower band of the channel. & today the price entered & I CVR my SHRT.
Risk to Reward ratio is the QUEEN - Number two reason to tradeWhen i want to take a trade, I look for ODD ENHANCERS, the more odd Enhancers I have the more likely the market will turn in my favour.
One of the most important Odd Enhancers is proper Risk to Reward ratio. Rs/Rw means how much am willing to risk if the trade goes against me, divided by how much Reward is trade gives if it is profitable. A properly weighted Rs/Rw ratio yield a factor of 4 to 5.
In this trade on QSR traded on the NASDAQ, am risking a little over a dollar for a reward of four dollars & much more if the new formed downtrend continues.
now, we got the Rs/Rw ratio out of the way of teachings. why would i Enter this trade. If Risk to Reward is the Queen then identifying the Trend is KING.
You must of heard people say, trade the trend, swim with the current not against it & you flow.
- first step Identify the Trend on any longer term chart. (there are many techniques for this)
- Second step trade the trend corrections on the Short term chart (this is the chart I use to identify my ENTR price & my STP losses)
This is it! identify the trend on the bigger picture & look for opportunities to join.
In this Trade. according to my Trend identification technique, I observed the Week (W) long term trend to turn into a downtrend after it broke the last LH of the previous week uptrend. now the trend is down. am looking to short.
I ENT my SHRT at 59.80 with a tight STP above 61.03 my risk is tolerable when compared to my Reward if the downtrend was to continue. well, it is struggling. my trigger STP was triggered & am out. simple as that. I will take my small loss & walk away holding my head high in respect for my trading plan that does not work all the time but works enough that i can make a living doing this.
QSR BreakoutWe have observed a bullish move out of the downward Channel that QSR has been trading within. Where does QSR go from here? Upward; I believe at least in the short to mid term. I expect we see a spike up in price to $66 a share, and then possibly a retest of 52 week highs around $71 a share. I will mention there is strong resistance at and around current trading levels of $60.40, so in order for this move to the upside to take place QSR must first hurdle past 60.40 resistance.
QSR - Tim Hortons - Is it finally time to buy ?After making a high of 87.32 in may 2021 we had a pullback of exactly 20% to 69.42 low in October
Now at $75 and only down 15% since that may high the chart is looking good for a reversal.
The action on the monthly window is quite positive now that it has broken to the upside forming an outside candle in the process which is bullish
That being said we have 23 days left in the month so that candle can still go in any direction but the fact that we have already taken out last months low and high only a week into the month is a positive sign there is momentum building.
QSR LNG position- STP triggered. Took the LossBasic Price coming into DZ. Good odds . Price fluctuated in DZ & close below it. STP triggered. Loss carried
LONG on QSR - Took Loss
LOSS Taken 0.88
Why I took the trade?
The long-term (M) in uptrend
The trade chart(W) is in correction.
The price coming into the DZ (D) unbalanced selling. Outside BB bands
Low Risk as ENT was near the bottom of DZ
TOOK my Loss - am proven wrong.
for 2-3 weeks price stayed in the DZ, slightly breaking above it & closing.
Yesterday Price closed below the DZ
Am out.
Standard Go Long on Demand zone & sell on Supply zonePositioned LNG = long entered in beginning of the year using (W)=weekly chart to identify trend. using (D) to identify enter position. Stock in bigger time frame (M) =Monthly is in uptrend. let profit run.closed 1/2 PSTN while price is coming into SZ =Supply Zone from (M), price went & broke the (W) uptrend & I closed 1/2 position by stop triggered
Safe OTM Call?I love OTM calls because I do not have a tone of money to invest and they are basically low risk & high reward. By low risk I mean you can only loose the small amount of money you put in while the return could be double or triple your money. Using TA software like tradingview & their algorithms/scripts created by TA geniuses has been my biggest success.
What is your favorite script? Comment below
Mine is Divergence+ which offers insanely accurate buy and sell signals based on divergence & also shows divergence in the form of a shadow.
The Kurotoga cloud is also one of my favorites because it shows an accurate support/resistance level. It is most accurate on higher time frames.
Check out this call for Restaurant Brands to hit $65 a share.
I'll let you do the analysis
Comment your thoughts below
Restaurant Brands Breakout 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 meaning the selling of should be nearing and end initiating a bull cycle as investors buy this low
Comment your thoughts below & like if you see this happening
Cup and HandleNo 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 red everyday because you entered to high can be a downer )o:
Earnings 4-23
QSR 3 Month #SymmetricalTriangle #ChartPatternQSR 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 middle of the pattern which makes it even harder to assume a breakout one way or another. Best route as of right now is to leave bias at the door and wait for a decisive daily close outside chart pattern boundaries for direction confirmation.
QSR - 7.63% Profit Potential - Bullish PennantThis 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 minimum.
Bullish Pennant broken out after a 3-month correction. Multiple support confirmation on the 5-min chart, except the 9/11 violation due to the overall market meltdown.
- Historical Uptrend
- RSI + Stoch above 50
- MACD below Signal (!)
Target Entry $55.85
Target Stop Loss $54.98
Target Exit $60.04
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.