Using our ElliottWave Indicator suite for the TradingView platform we have put together a long term stocks swingtrading opportunity for QSR on the Weekly timeframe. The wave 4 profit taking pullback has found support in our Red probability zone, which represents a 75% probability that the price will return to the main bullish trend and hit our automated elliowave...
Be interesting to see if prices get raised, as it takes shares away from other fast food companies mainly Chick Fila, Mcdonalds
The averages, the volume, the trend line all suggest for a recovery for QSR with market supporting. T1 68 & t2 70 on the cards.
High Vol. High Beta Stock. RSI <5 and PA struggling to go below 74. Looking for Reversal to mean higher. Taking 72.50 / 70 Put Credit Spread. Also picked up 75 Call for Directional Bias Higher. Oct Exp but aiming to Close in profit well before that... Good Luck - Watch your $$$ RISK
Mc Donalds will soon feel the heat due to the increase in competition among other fast food retailers. I really suggest taking the time out of your day to hear me out and possibly rebuttal my claims. NYSE:QSR
Hi Traders, Today's video explores Restaurant Brand International which is the franchise operator for Burger King, Popeye's and Horton's. NYSE:QSR
Fast food going down fast! Very bearish to see cheap fast food falling.
Trade details provided on chart.
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-FALLING WEDGE USUALLY SIGNALS A BULLISH MOVE. -A NICE BREAKOUT CANDLE WAS FORMED. -PROFIT TARGET 61 -STOP LOSS 55.77
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.
Undervalued at current levels! POSITION: 10,000 SHARES PRICE: $57.05
NYSE: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.