MKC moving up Confirmation if we break above $89, first target $92.87 not a big run, but God seems to be sending signs in the form of comedy to me lately.
March was all Penis Patterns (AKA Head and Shoulders).
April brings the Ovaries (AKA inverse H&S)
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
MKC trade ideas
$MKC with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $MKC after a Positive over reaction following its earnings release placing the stock in drift B
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MKC - Weekly & Daily SetupMKC
BUYZONE = 83 - 84.50
Cost Avg Down (CAD) = 76
1st Target = 90
2nd Target = 95
3rd Target = 100
HODL Target = ATH+
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
$MKC Bullish on earnings next week $MKC are reporting earnings next week on Sep 29 Before Market Opens.
Historically, their Q4s were the strongest. However, this year, Q2 was almost as strong as the previous Q4s because of the lockdown.
I am bullish on MKC and expect Q3 2020 earnings to be very strong.
MKCSystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets.
* Click Like and Follow to Support My Work!
---
Hi Traders,
I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets.
This post is my sharing of how I think about systematic trading and the signals generated by the System T.
(This is my opinion only, NOT the financial advice.)
The System T is a comprehensive system which contains many components such as buy & sell signal generator, win & loss statistics, risk control & portfolio management to make sure trading is successful in the long run.
Basically, for the system to open a trade and manage risk, it only needs a buy signal & a stop-loss signal clearly on the chart.
Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement.
(*) Remember to follow this trade idea and follow my profile to get updates about the stop-loss adjustment and sell signal based on the latest price and market conditions daily.
System T performances above will give you an idea of how it performs in the last 20 years.
Notice that this result was achieved only if I strictly followed the rule: "Only and Always Buy & Sell based on the System Signals".
Don't sell when there is no sell signal as we all want to follow the good trends til the end like everything in life does. \(^-^)/
Also, my system is extremely diversified through over 100 markets so that it only risks less than -1% of the total capital per trade.
Thank you and good luck!
---
DISCLAIMER:
I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument.
My views are general in nature and I am not giving financial advice. You should not take my opinion as financial advice. This is my opinion only.
Do your own due diligence, and take 100% responsibility for your financial decisions.
Trading and investing are risky! Don't invest money you can't afford to lose, because many traders and investors lose money. There are no guarantees or certainties in trading.
- Content is for education purposes only, not investment advice.
- Trading involves a high degree of risk.
- We’re not investment or trading advisers.
- Nothing we say is a recommendation to buy or sell anything.
- There are no guarantees or certainties in trading.
- Many traders lose money. Don’t trade with money you can’t afford to lose.
Cup and Handle/Earnings BMO tomorrowMKC has earnings tomorrow BMO. Trading on earnings is risky business! I have found they can beat earnings and still go down, especially on a day like today, so always trade safely
Entry: 174.75
Stop: Under handle low so below 164
Target 1: 199 to 210
Target 2: 251 to 270.
MKCSystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets.
* Click Like and Follow to Support My Work!
---
Hi Traders,
I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets.
This post is my sharing of how I think about systematic trading and the signals generated by the System T.
(This is my opinion only, NOT the financial advice.)
I think that for the system to open a trade and manage risk, it only needs a buy signal & a stop-loss signal clearly on the chart.
Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement.
(Remember to follow this trade idea and follow my profile to get updates about the stop-loss adjustment and sell signal based on the latest price and market conditions daily.)
System T performances above will give you an idea of how it performs in the last 20 years.
Notice that this result was achieved only if I strictly followed the rule: "Only and Always Buy & Sell based on the System Signals".
Don't sell when there is no sell signal as we all want to follow the good trends til the end like everything in life does. \(^-^)/
Also, my system is extremely diversified through over 100 markets so that it only risks less than -1% of the total capital per trade.
Thank you and good luck!
---
DISCLAIMER:
I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument.
My views are general in nature and I am not giving financial advice. You should not take my opinion as financial advice. This is my opinion only.
Do your own due diligence, and take 100% responsibility for your financial decisions.
Trading and investing are risky! Don't invest money you can't afford to lose, because many traders and investors lose money. There are no guarantees or certainties in trading.
- Content is for education purposes only, not investment advice.
- Trading involves a high degree of risk.
- We’re not investment or trading advisers.
- Nothing we say is a recommendation to buy or sell anything.
- There are no guarantees or certainties in trading.
- Many traders lose money. Don’t trade with money you can’t afford to lose.
Mc Cormick & CO on the watchlist.Better than expected earnings and improved guidance have turned many investors attention towards NYSE:MKC , market weakness hampered a bullish surge today, but it is well worth keeping this stock on strong watch.
Average analysts price target $154
Average analysts recommendation Hold
Short interest 6.7%
P/E ratio 32
Company profile
McCormick & Co., Inc. engages in the manufacture, market and distribution of spices, seasoning mixes, condiments and other flavorful products to retail outlets, food manufacturers and foodservice businesses. It operates through the Consumer and Industrial business segments. The Consumer segment operates by selling to retail channels, including grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce through the following brands: McCormick, Lawry's, Zatarain's, Simply Asia, Thai Kitchen, Ducros, Vahine, Schwartz, Club House, Kamis, Kohinoor and DaQiao. The Industrial segment offers products to food manufacturers and foodservice industry both directly and indirectly through distributors. The company was founded by Willoughby M. McCormick in 1889 and is headquartered in Sparks, MD.
Sell MKC.VBearish engulfing, red outside; at the top of a nice run...
No new high
Yes calling the top! ;)
Weak volume on lower time frames... Who trades this sh!t?!?!?!?
MACD signaling inflection to the downside
Stoch showing third trigger to sell in oversold range
Small gap to fill 10/15
Gap/go turns to Gap/retest lower
S/L 146.65
T/P 133.47
R/R 2.16
Profit Trading!