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MCD - The one that got away? Patience?

Asphen
05-11

Price action update (11 May 2024)

- After accumulating from 267 and letting go at 290, was anticipating MCD to pull back to Fib 61.8

- And so it did, with a double bottom formed in Apr and May 2024

- After it broke 267, was looking to wait till 260 (near Fib 78.6); guess was too greedy!

- Breakout last week from 267 to 275

A double bottom is not a double bottom until neckline is broken!

So be patient. See if 277 get broken and stay above. It might not be too late!

Will consider selling put strike 260 if any pullbacks.

Good luck, all!

MCD Daily - 11 May 2024

@melson @TigerStars @macroB @CaptainTiger @Deposit

$McDonald's(MCD)$

# 💰 Stocks to watch today?(1 Nov)

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melson
·05-11
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forming a double arch?
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- Asphen:
  haha...bearish!
  05-11
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Deposit
·05-12
ok
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- Asphen:
  yay!
  05-12
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What news/movements are worth noting in the market today? Any stocks to watch? \n2. What trading opportunities are there? Do you have any plans?\n🎁 Make a post here, everyone stands a chance to win Tiger coins!","image":"https://static.tigerbbs.com/cd8eaff2e99964ab7a80d92cc196fcd3"}],"images":[{"img":"https://community-static.tradeup.com/news/483e8b5def28ca21bc206731880f5fb1","width":"1280","height":"673"}],"coverImages":[],"title":"MCD - The one that got away? Patience?","html":"<html><head></head><body> \n<h3>Price action update (11 May 2024)</h3>\n- After accumulating from 267 and letting go at 290, was anticipating MCD to pull back to Fib 61.8\n- And so it did, with a double bottom formed in Apr and May 2024\n- After it broke 267, was looking to wait till 260 (near Fib 78.6); guess was too greedy!\n- Breakout last week from 267 to 275\n \nA double bottom is not a double bottom until neckline is broken!\nSo be patient. See if 277 get broken and stay above. It might not be too late!&nbsp;\n \nWill consider selling put strike 260 if any pullbacks.&nbsp;\n \nGood luck, all!\n<img src=\"https://community-static.tradeup.com/news/483e8b5def28ca21bc206731880f5fb1\" tg-width=\"1280\" tg-height=\"673\">MCD Daily - 11 May 2024\n<a href=\"https://ttm.financial/U/4123471905369072\">@melson </a>&nbsp;<a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars </a>&nbsp;<a href=\"https://ttm.financial/U/3560858852313727\">@macroB </a>&nbsp;<a href=\"https://ttm.financial/U/3527667618000160\">@CaptainTiger </a>&nbsp;<a href=\"https://ttm.financial/U/3577700186071729\">@Deposit </a>&nbsp;\n<a href=\"https://ttm.financial/S/MCD\">$McDonald's(MCD)$ </a>&nbsp;</body></html>","htmlText":"<html><head></head><body> \n<h3>Price action update (11 May 2024)</h3>\n- After accumulating from 267 and letting go at 290, was anticipating MCD to pull back to Fib 61.8\n- And so it did, with a double bottom formed in Apr and May 2024\n- After it broke 267, was looking to wait till 260 (near Fib 78.6); guess was too greedy!\n- Breakout last week from 267 to 275\n \nA double bottom is not a double bottom until neckline is broken!\nSo be patient. See if 277 get broken and stay above. It might not be too late!&nbsp;\n \nWill consider selling put strike 260 if any pullbacks.&nbsp;\n \nGood luck, all!\n<img src=\"https://community-static.tradeup.com/news/483e8b5def28ca21bc206731880f5fb1\" tg-width=\"1280\" tg-height=\"673\">MCD Daily - 11 May 2024\n<a href=\"https://ttm.financial/U/4123471905369072\">@melson </a>&nbsp;<a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars </a>&nbsp;<a href=\"https://ttm.financial/U/3560858852313727\">@macroB </a>&nbsp;<a href=\"https://ttm.financial/U/3527667618000160\">@CaptainTiger </a>&nbsp;<a href=\"https://ttm.financial/U/3577700186071729\">@Deposit </a>&nbsp;\n<a href=\"https://ttm.financial/S/MCD\">$McDonald's(MCD)$ </a>&nbsp;</body></html>","text":"Price action update (11 May 2024) - After accumulating from 267 and letting go at 290, was anticipating MCD to pull back to Fib 61.8 - And so it did, with a double bottom formed in Apr and May 2024 - After it broke 267, was looking to wait till 260 (near Fib 78.6); guess was too greedy! - Breakout last week from 267 to 275 A double bottom is not a double bottom until neckline is broken! So be patient. See if 277 get broken and stay above. It might not be too late! Will consider selling put strike 260 if any pullbacks. Good luck, all! MCD Daily - 11 May 2024 @melson @TigerStars @macroB @CaptainTiger @Deposit 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