MCD Trade on Jul 29, 2019 13:55 from Cklamb: Tradervue User Stock Trades.

MCD
Intraday fundamentals
A good earnings report on Friday. It traded at an all time high pre-market and sold off just like the last earning report. I have heard that it is trading above the SPY.
GS initiated coverage with a 250 price target, price target raised to 230 by tier 2, UBS raised target to 218, tier 2 raised target to 210 from 200
Technicals
ADV 5M RVOL 1.79 ATR 2.51 BETA .49 Short 1% Inst Own 70%
Daily

Hourly

Intraday

Trading Plan
I am looking to get long this if it holds 215 today. 215.40 with a stop at215.10 making this a one lot run
215.75 and 215.50 are both levels from the prior day that may be good opportunities to take a long depending on the tape and the set up
I will look at the opening action and see if it looks like has a general trend in the opening and the possibility of that trend reversing for a micro trend break scalp
Always look for tests of VWAP
Trade notes
• On plan
• Good entry
• Little more patience need solid Risk profile
Aspect Score Poss. Notes
Preparation 7 10 Second session following this price action
Hard Work 6 10 I keep looking over the bids and the asks looking for something defintive
Patience 6 10 Yes.. still need to wait a bit longer
Plan 8 10 Looking to long from 215 to 215.80
Discipline 2 10 I needed to wait for the possible support of the MA
Contribution NA 10

Replay 0 10