Reasons To Invest In McDonald's
Long-Term Bullish Trend: The overall long-term trend for McDonald’s stock is bullish, indicating strong growth potential.
Support at 200 SMA on Weekly Chart: The stock has pulled back to the 200-day Simple Moving Average (SMA) on the weekly chart, a key support level.
Historical Price Bounce: McDonald’s stock has bounced at this...
Found this with a volume scan on FINVIZ.
Massive indecision/high wave candle with tons of volume.
Wait for a close either above the high or below the low, and play accordingly. For example, if it closes above the high, I'd be in bullish. If it closes below the low, I'd be bearish.
Enjoy!
AMD closed the week out with a new low, trapping four recent days of bull volume (bearish gap and go). I expect AMD to trade down to support (around $52) and am looking to play it bearish as a day trade. Assuming we continue with the bearish trend, my personal method will be to wait for a close below premarket support, get in on a pullback, and hopefully ride it...
AMD appears to be bouncing in between support and resistance on the Dailly Chart. I entered my swing trade at $74.90 and plan on exiting at $100.98, assuming AMD cooperates and does what I want it to (if it does, I expect this to be a 2-4 week swing trade). Interesting trade in general. What do you think?
Google is pulling into support with MASSIVE bullish volume (the biggest bull volume (that I can see) since March of 2020). Potentially a good play to go long with a target at the 100 MA. If the bull volume gets trapped, I imagine it would go very bearish quite quickly. Just my opinion. Thoughts?
Amazon had a nice bearish retest gap today, finishing with a bullish hammer into the 100 MA. Notice as well the massive bull volume (the most since July 29th). Potentially a good swing trade with an entry above, a stop below, and your target at the 200 Moving Average. Thoughts?
