This trade is for those who have no morals and are okay funding obesity around the globe. McDonald’s is one of the best performing stocks that has fallen into a slump over the past few quarters. I think the price will dip some more to reach the green trendline around $226.37. This green trendline has presented historically great buying opportunities and I would definitely be interested in buying here. I think MCD could rally back to the red trendline, which gives a very high target around $1,230. I like this as a long-term investment to buy and hold. There is also an annual dividend of 2.73% for MCD stock.

Entry price: dollar cost average around $226.37

Stop loss: I usually don’t put stop losses for long-term investments, I just buy on dips over time. If you want to put a SL, you can put it under support around $220

Sell target: red trendline, forecasted target is $1,230.

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