(My first language is Spanish, I apologize if I write wrong) I have only three years of experience in trade, 90% of my trades are good, I hope will be helpful and see if what I predict happens, good trade!
Let's take a long term look at $MCD on this chart. Fundamentally this is obviously a strong company. In brief, net income has decreased from 2011, but we can see the price has made all time highs regardless. The consensus estimate for earnings tomorrow (released during pre-market) is $1.16. A decline from the previous quarters earnings. This stock has been in...
The quotation has reached the upper boundary of the rising channel. Reasonable to expect the beginning of reversal formation. NYSE:MCD
Remember the old TV Show "Superman"? It started by the announcer saying..."It's a bird. No, it's a plane. No, it's Superman". I started this narration by pointing out that sometimes XABCD patterns are not perfect, but if you examine them closely, they give you clues as to upside breakouts to all time highs. This is the chart of McDonalds. It had been going...
We would take this trade only because of the bearish tendency of the overall market.
As long as share price is below 2016 Feb high, or otherwise there is a structural change, minimum target is to refill the gap
$MCD is powering through resistance at the upper bound of its bull channel from late October. A close above 120.10 is very bullish. I'm still targeting 122 with some JAN 120 calls.
MCD is testing resistance at 120, which coincides with the 27% fibonacci extension as well as the upper-bound of its bull channel. We're targeting the 122 level for an exit.
buying call credit spreads here. stop loss is a close above rising trend line