McDonald's gathers positive momentum - Analysis - 13-06-2018

McDonald's stock (MCD) fell in the intraday levels, recording a new loss of 0.14% in the last session, or 0.24 points, as the stock tries to gather positive momentum to help it rise anew and vent off overbought saturation in the RSI, with positive support from the 50-day SMA, coupled with the dominance of the upward medium-term trend. 

Therefore we expect the stock to return higher, provided it settles back above 167.94, targeting the pivotal resistance of 178.40.