MCD. McDonalds: Daily chart setting bearish divergences
MCD has been raising alongside the market but, while the whole market (as well as XLY fund) added around 30% since 2016 lows, MCD was only able to push up a half of it.
On one side, the stock potentially is underperforming but technicals say it has a very strong resistance to break. Daily chart shows bearish divergence, same as Weekly timeframe, and we are very close to the Median Line of the Fork.
I believe shorts are welcome once the price goes to a double-top formation in 132-134 area. SL can be set at 136.5 with TP1 at 121 and TP2 at 111
On one side, the stock potentially is underperforming but technicals say it has a very strong resistance to break. Daily chart shows bearish divergence, same as Weekly timeframe, and we are very close to the Median Line of the Fork.
I believe shorts are welcome once the price goes to a double-top formation in 132-134 area. SL can be set at 136.5 with TP1 at 121 and TP2 at 111
Dagangan aktif
Shorted 132.58Nota
I closed a second position which targeted 111 USD epr share as my forks Median Line has been tagged and I don´t think it may want to go and test teh Hagopian Line. Keep another short to 121 though
Nota
Sorry, a chart with no annoying P/L square looks much better...
Dagangan ditutup: hentian tercapai
Broke higher on a very nice impulse. Wait for a backtest and long or?..
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!
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Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.