McDonald's barely rises - Analysis - 13-08-2020

McDonald's stock traded flat with a minute 0.01% profit, as it moves alongside the upward short-term trend line, with support from the 50-day SMA, countered with negative signals from the RSI. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 218.12, provided it steadies above 202.50. 

Expected trend for today: Bullish