McDonald's readies to tackle pivotal resistance - Analysis - 07-12-2021

McDonald's stock (MCD) spiked 2.59% in the last session settling at 255.79, amid the dominance of the main upward trend in the short term, with positive support from the 50-day SMA, coupled with positive signals from the RSI, readying to tackle the pivotal resistance of 257.65.

Therefore we expect more gains for the stock, targeting the resistance of 266.00, provided the resistance of 257.65 was breached.

Expected trend for today: Bullish