In early July, I shared my thoughts about wise use of buying patterns to join fresh bullish opportunities in shares of McDonald's, following its recent retracement from almost $300 to below $250. It has been fifty days now and the stock freshly touched an intraday high above $290 to take a step back to $285 before the Wall Street close this Tuesday. A 14% of profit in such a short time correlates with a more than 100% in yearly income, which is an incredible achievement for a rather conservative investment within the consumer staples segment. Besides, my own statistical observations and personal trading experience tell me that crowd investors in McDonald's may need at least a small pause for further price consolidation before deciding on going ahead to retest or even break the stock's all-time peaks above $300 per share. Therefore, I prefer to take the greater part of my accumulated profit from the trade. The "back student" went to the blackboard to write down the proof he actually had learned the lesson. I am quite satisfied with his B grade, and I am not sure this student would be qualified for the higher A grade right now. Despite having good fundamentals, he may need to do a bit of work on those matters before wiping out a more ambitious project. Yet, we have a full right on using our honestly earned money if we want it.
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