McDonald's regains footing - Analysis - 18-10-2018

McDonald's stock rose 1.65% in the last session, or 2.70 points, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels compared to the stock's movements. 

Therefore we expect more gains for the stock, targeting the resistance of 171.56, as long as the support of 161.12 holds on. 

Expected trend for today: Bullish