Dec. 6 at 1:22 AM
Actionable Trade Alert for
$MCD:
Market Context:
$MCD is currently trading at
$308.54, with a neutral RSI of 51.12, indicating no immediate overbought or oversold conditions. The stock is above its 30-day MA of
$304.83 and 50-day MA of
$303.74, suggesting a bullish trend. The recent high of
$313.8 and low of
$292.04 over the past 60 days indicates a healthy range for potential movement.
Directional Bias: Given the current position above key moving averages and the neutral RSI, we have a bullish bias for
$MCD.
Trade Plan:
- Suggested Entry:
$308.54
- Stop Loss:
$303.00 (below recent support)
- Take Profit Targets:
1.
$313.00 (1.5% gain)
2.
$318.00 (3.1% gain)
3.
$362.00 (17.3% gain)
This plan offers a solid risk-reward ratio, with the potential for over 17% ROI at the third target. Monitor closely for any market changes.
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