McDonald's receives positive support - Analysis - 22-09-2021

McDonald's stock (MCD) rose 0.59% in the last session, settling at 240.50, after leaning on the upward short-term trend line, while also leaning  on the support of the 50-day SMA, lending it positive momentum.

Therefore we expect more gains for the stock, targeting the pivotal resistance of 246.65, provided the support of 237.80 holds on.

Expected trend for today: Bullish