MDO trade ideas
Mcdonald's Corp bullish continuationAs per the Chart
Abbreviations;
ND=No demand
NS= No supply
DW= Demand Wave
RFSB= Resistance from Supply Bar
SFDB support from Demand Bar
SLK= Stop Loss killer
SLKB= Stop Loss Killer Bottom
DB= Demand Bar
SB= Supply Bar
EVRB= effort vs Result Bottom
My Mentors and Inspiration
Volume Analysis - Oleg Alexandrov
Money and risk Management - Dmitriy Lavrov
$MCD Remained Bearish targeting 182 Steady falling from 222Its already dropped so hard from the peak at 222 and now heading south with strong volume suggest to extend decline for further down targets at 184-182 and maybe deeper .. all indicators showing clear weakness any bounce will be opportunity to exist for long positions
McDonald's trade planLooks like a sell off in wave a is finished. Looking at potential H&S pattern formation as divergence is starting to emerge. This was can capture a long of wave b, before shorting again into c.
Best to wait for the pattern to make a right shoulder at least for more confirmation.
Good Luck!
Mcdonalds to the bottom !Hello, Traders!
Monfex is at your service and today we overview MCDONALDS Corporation.
Mcdonalds fired their CEO, with which the company's capitalization doubled.
The first downward movement was in early September, at the same time as the "The Game Changers" popular film about vegetarianism was released. Perhaps this is connected, but not exactly.
This year, the United Nations called on people to eat less meat.
Generally, the news background is negative for MCD.
Also at this chart we see Elliott Waves (12345-abc) and how MCD in an uptrend movement so long. But recently, it broke the support line of the ascending channel and wedge.
The local resistance zone ~ $200
The local support zone ~ $190
Target zone ~ $160
Market Cap
$145.941B
Share your thoughts, ideas about the market under the chart.
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GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Double TopIn the graph we can see the Double Top pattern, a reversal pattern as shown with the red arrows, coming from an upward trend, setting the tops (point A and point B) on the resistance line. The breaking point (point C) is where we should put the short position setting the limit on the size of the breakout range (green arrows). What I recommend to do in this pattern is 2 orders, one cancelling the other depending on the movement of the price of the stock as depicted in the position shown
$MCD Reversal trade in Mc DonaldsIt looks like its time to take a bite out of the Big MAC once again, technically the stock bounced off strong Fibonacci support with high volume.
Post earnings the stock suffered some sizable losses which may signal the final weak hands have been shaken out.
For a more cautious entry look for a change in trend on the RSI which has bounced.
$200 will probably act as a psychological barrier.