MCD Exaggerated Bearish DivergenceExaggerated bearish divergence! Price makes two tops on approx same line, while the technical indicator in this case RSI produces a bearish divergence.
MCD trade ideas
Retracement FailedWe couldn't manage to close the opening window and shall correct this closing attempt now.
MCD Bullish BreakoutA consumer staple defensive, unaffected by tariffs. ER May 1, but would need big miss (like Jan 18) to drop, and in any event lower revenues already in guidance and therefore estimate. Indebted, so benefits from no-hike policy, not really affected if USD falls.
Just broke out, so buy retest of breakout line for top of channel. 2% SL below last low.
BUY 191 SL 187 TP 214 RR 5.75 RISK 2.09%
Trend traders dont try and pick tops Follow the trend. The last trade for a trend trader in a trend will almost always be a loser. Id rather buy all dips and catch as much as i can of the move and get stopped out on the last trade, then think every new high is the top. Just follow the flow. This has longer term targets at 250 so overall have a bullish bias on this. Trade one decision to the next. NO trigger NO trade
Targets are being hit againMCD at the first target. Same thing we did with abbv. Were taking between 30-50% of the trade off (depending on how you manage a position) and starting to trail up stop (if you bought the stock outright) were in trade management mode now.
MCD Failed BreakoutMCD turned and ran down at a strong previous all time high. The action was on moderate volume. The bottom failed to complete, and a retest of the bottom support levels may develop.
MCD wave example You can see what your wanting to do is figure out what the trend is..let the wave tell you what the trend is and give you the support and resistance In that trend you need to take the trades. Your looking for clarity. If one time frames is messy and sloppy then find a time frame that gives you a clear picture on whats going on. Let the wave do the heavy lifting in your trading
Trading Edge 2020 Portfolio -Trade #5- MCD - Call Debit SpreadTicker: MCD
Position:
- Feb 14th Expiry
- Long 210 Strike call = 3.78 - Delta 0.92
- Short 212.50 Strike call = 1.90 - Delta 0.62
- Net cost = $1.88
- Break even at expiry = $211.88
- Max profit = $0.62 (33%)
- Run 5x contracts = $940
Profit/ Exit targets:
- Exit position if MCD closes below the 21 ema on the daily
- Max profit is target, you may wish to run 80% max value of spread as your exit ($2.376 GTC sell order for spread)
Rationale:
- MCD has bounced off the 21 ema
- MACD is signaling a potential bullish continuation on both daily and lower time frames (4hr, 1hr etc.)
- MCD is within 4% of prior highs
- Moving averages are all stacked bullishly
- Appears to be in a solid uptrend, looking for some near-term trend continuation
-TradingEdge
Trigger for MCD For anyone whos interested in my work.. we have that setup in MCD..now we wait for a trigger..please dont just buy the zones..thats very risky.. Getting trigger will put the odds in your favor. 8/34 EMA cross for conservative triggers
8/21 EMA cross for aggressive...both used on the 30 min chart.
"McDonalds: Top and Bottom Analysis" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Corrective Structure and, then, the Descending Trendline.
- On a Weekly Basis, it is on an Ascending Channel.
- Now, it has potential to move up towards the Top of The Ascending Channel.
Weekly Vision:
Daily Vision:
Updates coming soon!
MCD - Unhealthy eaters are not going anywhereLook to the moving averages to tell you that this is a great opportunity to buy
“Everything Bubble”: McDonald's This Is How the “Everything Bubble” Will End.
McDonald's shuts 300 restaurants in China as coronavirus spreads.
Fast food chain sets up epidemic task force for virus, which has killed 132 people
McDonald’s has closed hundreds of restaurants in China and added its name to the list of global companies bracing themselves for the impact of the coronavirus outbreak, amid signs of a mounting economic effect alongside the human cost.
The fast food chain said it had shut about 300 restaurants and set up a epidemic task force in response to the virus, which has killed 132 people and infected more than 6,000, particularly in Wuhan, the capital of Hubei province.
Although McDonald’s didn’t open a restaurant in mainland China until 1990, the country has become one of its largest and fastest-growing markets, with about 3,300 restaurants and 1,500 more planned by 2022.
Its operations in the country make up nearly a tenth of its worldwide restaurant count, nearly 5% of sales and 3% of operating profit.
“China is a critical market for us and we’re very concerned about the situation over there,” said the chief executive, Chris Kempczinski, although he said the overall impact on profits would be fairly small if the virus remained relatively contained.
Disclaimer:
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature,
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Mc Donalds Trade setup
Mc Donalds has almost clawed its way back to the summer highs but is showing some strain heading into earnings tomorrow.
May be wise to wait for earnings and then catch a breakout trade, or indeed a short if we see a disappointment.
$240 to the upside and $190 on the downside are areas of interest
