McDonald's relinquishes gains - Analysis - 20-02-2019

McDonald's stock shed 0.40% in the last session, or 0.72 points, after hitting an intraday high at 181.90, bouncing off it lower and turning the gains into losses before the close, while collecting recent profits and gathering momentum, as it also leaned on the support of the 50-day SMA, while trading alongside the upward short-term trend line. 

Therefore we expect the stock to rise, especially if the resistance of 182.40 was breached, targeting the next one at 190.88. 

Expected trend for today: Likely Bullish