Keep It Simple And Stupid: buy McDonald`s (MCD) with Procter & Gamble (PG) and don't care about anything anymore in 2016
Most oil stocks are ranging in market condition falling to the bearish area, and this tendency will be continuing in 2016. Most technology stocks are ranging waiting for direction which is more likely to be bearish as well. But there are stocks which are bullish in the market for the long time: McDonald`s (MCD) with Procter & Gamble (PG), and they will continuing with bullish trend for whole 2016.
McDonald`s (MCD). Bullish breakout. The price is located above ichimoku cloud in the bullish area of the chart. Price is on good bullish breakout since September this year breaking key resistance levels. This kind of bullish breakout will be continuing in 2016 especially in the first half of the year with some secondary ranging in the end of the next year.
Procter & Gamble (PG). Secondary correction within the primary bullish trend.
The price was on correction within the bullish, and it was stopped near
and above Senkou Span line on the border between the primary bearish
and the primary bullish trend on the chart. This is most likely for the
price to be rebounced for the bullish trend to be continuing:
- RSI indicator is estimating the oversold condition,
- the price is already started to be bounced from Senkou Span support line.
Thus, let's make is simple - McDonald`s (MCD) and Procter & Gamble (PG) may be the most profitable stocks in the coming year.
