McDonald's resumes decline - Analysis - 15-12-2017

McDonald's stock (MCD) returned higher in the intraday levels, recording a loss of 0.24% in the last session, or 0.41 points, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, and as the stock tries to garner momentum to help it rise anew. 

Therefore we expect the stock to return lower, as long as the support of 170.89 holds on, targeting the resistance of 175.55.