MCD is showing signs of an overall long-term uptrend pattern, & is currently trading above the SMA200, signaling a possible long entry. On the daily chart, possible cup and handle also forming after a significant pullback occured early/mid September. Also, last session the price opened above, and closed above the EMA21, signaling a potential intermediate uptrend is likely if price continues to consistently close above EMA21 level. Additionally, The EMA5 recently crossed up & above the EMA10, signaling short term bullish momentum. Considering this combination of confirmed and pending signals:
A good entry might be; if the price breaks above and closes above the SMA50 level.
*another option could be to take an initial entry if Monday opens above the EMA21, and then add to position if price breaks/closes above the SMA50
A stop could be set at: any close below the EMA21 @ -1%
A good target exit might be best at: Known resistance @65-70 RSI area, or any close below the EMA10 level @ +4%
Risk/Reward ratio optimal @ 4:1
A good entry might be; if the price breaks above and closes above the SMA50 level.
*another option could be to take an initial entry if Monday opens above the EMA21, and then add to position if price breaks/closes above the SMA50
A stop could be set at: any close below the EMA21 @ -1%
A good target exit might be best at: Known resistance @65-70 RSI area, or any close below the EMA10 level @ +4%
Risk/Reward ratio optimal @ 4:1