Dec. 25 at 1:22 PM
Actionable Trade Alert for
$MCD:
Market Context:
$MCD closed at
$313.33, showing a healthy price action above its 30-day moving average (MA30) of
$310.13 and 50-day moving average (MA50) of
$307.71. The RSI of 56.53 indicates a neutral to slightly bullish momentum. The stock is currently trading within a 60-day range of
$292.04 (low) to
$321.79 (high), suggesting potential for upward movement.
Directional Bias: Given the current RSI and the price above key moving averages, there is a bullish bias. The recent price action indicates strength, and with the stock nearing the 60-day high, a breakout is possible.
Trade Plan:
- Suggested Entry:
$314.00
- Stop Loss:
$308.70 (below MA30)
- Take Profit Targets:
1.
$320.00 (2% gain)
2.
$325.00 (3.75% gain)
3.
$368.00 (17.5% gain)
This plan offers a solid risk-reward ratio with potential for significant ROI. Monitor closely for any changes in momentum.
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