Bosphorus_Capital

MCD (McDonalds) sold at 95 for a 9% drop. Looking to sell again

NYSE:MCD   McDonald's Corporation
In the linked post we sold MCD between 95 to 98 and were looking for a decline to 83 at the weekly trendline.

MCD fell to 87.6 and then recovered.

Now I believe it presents another selling opportunity. The move between 97 to 87 looks impulsive and the move up looks like the first leg of a three wave correction.

Between 93.5 to 97.4 presents a good selling range imo with stop strictly above 97.46. If the move is indeed impulsive, the issue has no business above 97.46
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.