MCD: LONG - Correction overdone

THIS IS FOR NOTE TAKING PURPOSE ONLY.

MCD fell sharply on 2/5 following soft forward guidance. Price guidance still at 170.
DAILY Chart:
- Formed bottom on 3/5. Price @ all time low @ 146.84, MACD Histogram @ -.6560 compared to 2/5 where price fell to $153.86, MACD Histo @ -1.2298 =>Bull Divergence
- 3/9: MA(4) cross-over MA(9) , MACD HISTP Crossed centerline to +
4 Hr Chart confirms Daily Chart trend.

Kommentera:

Entered @ 157.97 on 3/12, Sold @ 158.61 on 3/14
Flatten EMA
EMA (11) continued to stay below EMA (21)
MACD Histo seemed stretched

Handel aktiv:

Entered back at 160.39 on 3/15.

Kommentera: