McDonald's gathers positive momentum - Analysis - 21-08-2017

McDonald's stock (MCD) fell in the intraday levels, recording a loss of 0.08% in the last session, or 0.13 points, as the stock gathers momentum to help it rise anew, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, as the stock readies to tackle the important resistance of 159.78. 

Therefore we expect the stock to return higher, provided it pierces the resistance of 159.78, targeting the next one at 164.73.