McDonald's driven lower by current resistance - Analysis - 29-07-2020

2020-07-29 13:03:06 GMT (Economies.com)
 

McDonald's stock fell 2.49% in the last session after the resistance of 202.51 held on, while gathering momentum to help it pierce that resistance later on, as it vents off overbought saturation from the RSI, while trading alongside the upward short-term trend line, with positive pressure from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the resistance of 218.12, provided the resistance of 202.51 was breached. 

 

Expected trends for today: Bullish 

 
 
 
  Symbol Last Change Chg.%
1.1785
0.0075
0.6435%
1.3052
0.0037
0.2828%
Tadawul
7499.97
10.08
0.13%
28.209
3.962
16.340%
41.550
1.115
2.757%
44.64
-0.45
1.00%
2032.160
62.805
3.189%
 
 
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