McDonald's gives in to negative pressure - Analysis - 18-11-2019

McDonald's stock fell after the resistance of 195.46 held on, representing the ratio 50% of Fibonacci levels, amid pressure from the 50-day SMA, marking a minute 0.2% loss in the last session. 

Therefore we expect more losses, targeting the next support at 189.16, representing 61.8% of Fibonacci levels. 

Expected trend for today: Bearish