Another cup & handle base with very strong earnings each quarter. (Take note of the % on the earnings table). However too extended above the pivot for a low risk entry. A retest of the pivot on low volume would be a great opportunity to build a position.
McDonalds in Latin America ---- good value and growth metrics. Strong uptrend. It's my buy at the pullback.
Waiting to break out the head and shoulders pattern TARGET 9.46
Would be long above top line, no position currently
Possibility of 100%. Good fundamentals and better perspectives. I like it!!
ARCO Arco Holding will start a bullish trend, Stay care! Good profit!! See you later!
As we can see the ARCO graphic star a H&S pattern in 11/13/2018 that finish in 04/26/2019 and then accomplish the pattern and go down
- ARCO. - Head and Shoulders Pattern. - Previous Bullish Trend. - Entry in short after crossing the neckline. - 2 Moving Averages confirms the trend.
The prices designed two pullback on the 200 weekly SMA. The SMA is designing a rounding bottom. My opinion is to enter at those prices for a long position until the 200 weekly SMA will sustain the prices.
Looks like the next couple of weeks could bring the break out I've been looking for.
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We will be looking to add to our ARCO position in either of these 2 scenarios. 1st: A pullback to 14. Making another Higher low 2nd: A breakout from May gap down. Confirmed at 16. Target 17.50