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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Commemorative McDonald’s Cup and Handle

chessNwine Tue Jun 28, 2011 10:53am EST 5 Comments

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McD’s is a major component of the aforementioned XLY. I have also been detailing the firm for its relative and absolute strength in my “fast food mafia” series. Today, the stock is making all-time highs, breaking out of a bullish cup and handle pattern.

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5 comments

  1. Bill Trader
    Bill Trader
    June 28, 2011 at 11:13 am

    Thanks Chess Re MCD, also big winner for me this year. Took some profits today at the highs. My biggest position. Will revisit. Also been trading KO with some success. Thanks for all your help Chess. 12631 is the best!

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  2. jk
    jk
    June 28, 2011 at 11:17 am

    Nice chart.

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  3. Betty
    Betty
    June 28, 2011 at 11:43 am

    Chess, look again on the weekly chart. Your C+H is a handle on a bigger C+H, like a transformer happy meal toy.

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