Bought MCD at a major technical support level due to extreme pessimism and oversold conditions; expects a bounce if any positive news emerges.

Now, there is one name that has very little to do with the story of artificial intelligence, at least not yet, and that is "McDonald's". Now , McDonald's has been crushed . Basically, they're trying, you know, they've seen their share of the fast-food market decline, and they're trying to make big changes.

With changes come many costs, and it is also an admission that profits will not be as they had hoped. But the stock was in a major oversold condition before this news, which yesterday reduced it by 5%.

We have actually reached a major technical level.

Look at this, guys. This is a long-term channel, and I repeat, a long- term channel. Actually, let me move on to the weekly chart. Here we are, and look where we've ended up . Look at the highest level since 2012, which essentially defines every pivotal peak along the way.

The lowest level since Covid, and we've just reached that level.

So, what did you do ? I bought a little. This is the time when I buy it, when everyone else hates it. When he's getting beaten, when he's, you know, at his lowest point in 52 weeks , when he's hitting a technical level, while everyone is pessimistic about him.

I say, "Well, everyone is pessimistic, which means the sellers have gotten rid of everything, people hate it, and they are underinvested." Now I say, " Okay, listen, any kind of small positive and people will rush back to this thing."

This is similar to surfing. You just let the wave take you straight. That's how I see it , guys.

Most people will read the news about McDonald's on social media and say, "Oh, they're gone." I mean, you know, you get an emotional reaction like, " Oh, they're finished." Perhaps, to be honest, I don't care.

All that matters to me is what he will do in the next month or two, or week or two , or day or two. That's all that concerns me about the graph, with so many pessimists. A deal to get back on track is starting to emerge.