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.
MDO trade ideas
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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Mac DonaldEl gráfico en visión semanal no es muy alentador, perdió la linea de tendencia empinada que tenia y reconoció resistencia en la zona de 191 no pudiendo superar las medias moviles exponenciales de 21 y la media móvil de 100 dejando una amplia mecha superior. El koncorde nos dice que las manos grandes están comprando menos.
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Sell MCDONALDS [NYSE: $MCD] | 5.3.2020 | Eric ChoeI'd appreciate a like and comment to encourage engagement across our community.
My name is Eric Choe.
I am a professional trader with over 7 years of equities and cryptocurrency experience.
I've worked at an energy trading company, a Fortune 500 company, and one of the top management consulting firms in the world.
I left my high-paying salary as a management consultant in early 2018 for a career in investing and trading.
I've been a full-time equities trader ever since.
I give detailed analysis on TradingView.
Over the past 7 years, I've dedicated my time and effort to helping others learn about the financial markets.
All my ideas are for education purposes. There is a high-degree of risks involving leverage trading. Trade at your own risk. This is not financial advice
MCDONALDS (MCD) On Key Level! Two Scenarios!
Mcdonalds is approaching a key daily resistance level.
on 4h is coiling in a rising wedge pattern and clearly, the market participants are waiting for some trigger.
earnings I suppose!
for now, the price action is weak and we should be prepared for both scenarios.
in case of a bullish violation of the key level, we will see a bullish continuation to 206/217 levels
in case of a bearish breakout of the wedge, we may expect a drop to 170/156!
be prepared for both scenarios and follow the market!
good luck!
MCD Long for daily investmentsSome points to know :
- MCD has a food delivery technology provided in most countries
- Recovery's on the way as the reopening is coming
- Big and known company loaded with cash so it has not many issues to recover from a financial crisis
Please let me know your comments and don't forget to push that like button
By the way first published idea on my account
Hope to see your feed backs
MCD - scalp puts to 181.63Broke out of rising wedge on daily chart
Bearish divergence btwn price (higher highs) and MACD (lower highs), with RSI making slight lower highs on the 4H
Broke out of rising wedge with volume on the 1H with MACD crossing down
Bearish divergence again; price (HHs) MACD & RSI with (LHs)
Zooming into the 15M chart, the 8MA has crossed down the 21MA and 50MA, a bearish sign
If $MCD breaks and holds below 184.33 with volume, it could see 181.63.
LMK WHAT YOU GUYS THINK!!! HAPPY TRADING
MacDonald's 1D Bull Flag Short TradeBull Flag is a Range pattern and they are a repeatable trading chart pattern.
Bull Flag Range chart pattern will have a directional bias depending on the previous incoming trend.
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 the 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.