McDonald's climbs through negative pressures - Analysis- 02-03-2021

McDonald's stock (MCD) rose 1.02% in the last session amid negative pressure from the 50-day SMA, and with the dominance of the downward short-term correctional wave, with negative signals from the RSI after reaching oversold levels. 

Therefore we expect the stock to return lower, targeting the pivotal support of 202.55. 

Expected trend for today: Bearish