McDonald's readies to tackle current resistance - Analysis - 16-04-2018

McDonald's stock (MCD) returned higher in the intraday levels, scoring a profit of 0.07% in the last session, or 0.11 points, while getting buoyed by exiting a descending correctional price channel that guided recent short-term trading, readying thereafter to attack the resistance of 164.70, with positive pressure from the 50-day SMA. 

Therefore we expect more gains for the stock, especially if the resistance of 164.70 was breached, targeting the next one at 178.40.