QSR trade ideas
$QSR is going $90 ish#STOCKS #OPTIONS #FUTURES #DOWJONES #BITCOIN #BONDS #HARMONIC #DIVERGENCE #BULLISH #BEARISH #OIL #DOLLAR #GOLD #SILVER #COPPER #TLT
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QSR 5 MONTH FALLING WEDGE-FALLING WEDGE USUALLY SIGNALS A BULLISH MOVE.
-A NICE BREAKOUT CANDLE WAS FORMED.
-PROFIT TARGET 61
-STOP LOSS 55.77
Short setup for Restaurant Brands QSR Stock -16%Following confirmation of a head and shoulders top pattern the QSR stock price could be in for a drop to around 47, with a volatility stop loss around 62.
BUY! UNDERVALUED - BULLISH CHARTSUndervalued at current levels!
POSITION: 10,000 SHARES
PRICE: $57.05
Buy opportunity: QSR oversold and bouncing on the 0.786 Fib lvlNYSE:QSR got oversold on the RSI, MACD and Stochastic RSI. Currently bounced back from the 0.786 Fibonacci level on the daily chart.
Entry strategy: wait for the next bullish candle which crosses the 57.10 level.
QSR$QSR - Doubled up on Friday. Good long term upward channel with a buying opportunity. Fast casual still strong and these guys leading the M&A angle being PE backed.
QSR - Downward channel breakdown short from $64.87 to $56.57QSR was running within an upward channel formation for a while. However its getting weaker, and Twiggs money flow showing strong divergence.
We think it has good down-side potential from here.
* Trade Criteria *
Date First Found- November 9, 2017
Pattern/Why- Upward channel
Entry Target Criteria- Break of $64.87
Exit Target Criteria- $56.57
Stop Loss Criteria- $66.47
Please check back for Trade updates. (Note: Trade update is little delayed here.)
QSR - ascending triangle to new highsQSR is in a strong uptrend.
last 3 months price created a strong base in the formmation of an ascending triangle and broke above it last week with strong vol
today price is moving higher with nice momentum
QSR stage 1QSR is actually in a really nice resistance closing the day with a doji. I would like to go short to the trendline to enter long and break new highs. The first stage of the trade is short and the second stage would be entering long
Stage 1
KL: 61.65
SL: 62.75
TP1: 60.50 (move SL to even)
TP2: 59.45
Remember that the high probability trade here is going long in stage 2, move SL quickly!
QSR - short if it reaches to $44 area & show weakness. QSR seems forming a head & shoulder formation. It crossed down MA 50 & 1000, and moneyflow is down to the negative side. WE think it can decline to 37 or lower.
For ideal trade entry we would like to reach to 44 area to make its next shoulder formation & decline from there. For trade we would consider Jan/April 45 puts when it reach to $44 area.
You can check our detailed analysis on QSR in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 9:30"
Trade Status: Pending
Long Entry in $QSR uptrend continuesToday's breakout and the fact that $QSR is already above all key moving averages in my system leads me to have a long entry stance. Enter on today's price action with a stop level below $45.00. For a more conservative stop use the $39.00 level. Has been trending up for quite sometime now.
QSR continuing to run from break of trend line noted on 2/13QSR has provided multiple advanced pivots within its base and it is presently beginning to break through the classic pivot at 42.98. It will be interesting to see if QSR pulls back in the near term and if it does, if the advanced pivots can turn into areas of support (along with the rapidly rising 10ema).
Here are some of the notes on QSR provided to ChartYourTrade Premium members on 2/21. It was ranked #5 on the Top 10 Setups in Bases and had a rating of 8.7
BASE TYPE = 4th stage flat base
CLASSIC PIVOT = 42.98
ADVANCED PIVOT(s) = 41.84, 41.39, 40.19, break/close above blue descending trend line
SUPPORT = 10ema, 40.19, 37.11, 50dma
NOTES: QSR broke above multiple advanced pivots when it reported earnings but found resistance at the classic pivot. The first advanced pivot at 37.11 may now turn into support with the 10ema cross above it and the 21ema craddling just below it.
POINTS (+/-)
4th Stage Base (-.5)
More down weeks than up weeks (-.25)
Annual Earnings below 25% estimated increase (-.25)
Quarterly EPS below 25% for each of the last 3 quarters (-.25)
Decelerating earnings (2 quarters or more) (-.25)
Accelerating Sales (3 quarters or more) (+.25)
Group Rank 1-40 (-0)
No top funds (-.05)
