My study on MCD
Price showing strength after a retracement in October below the 50 and 100 SMA. A confirmed 9 on a buy set up in Demark indicator on the weekly chart.
Fib extension shows a possible target of 264ish, as does classical TA.
Holding for around 350 days, this will give a profit of 35% at 0 leverage, or 176% at X5 leverage
R:R is 5:81
LuckySalunky asked me for my price prediction on FTM, as I didn't actually have one but do have a small buy in place , I made this chart whilst waiting for my Sunday cooked breakfast!
Here we see the price action from FTM.
It's currently in an area of confluence created by the daily and 4 hrly fibs.
I expect it to retrace to the local.382 fib at around 0.02298...