MacDonald(MCD) Shorting the new trend

2 เม.ย. 2018

Entry: 156
SL: 160.55
TP: 147.15

As seen from the candlesticks, the price had recently breached the 200MA line and so far buyers are unable to push the price back up. Hence, MCD is facing a possible change of trend based on the daily chart. Although the weekly chart still indicates an uptrend, however, a pullback is expected on the weekly chart especially with the strong bearish candle. SImilarly the daily chart indicates a strong engulfing candle which might indicate a probability of stronger selling. Thus, a short trade will be taken to ride on this momentum.

22 เม.ย. 2018

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