McDonald's seeks a bottom to bolster it - Analysis - 13-12-2018

McDonald's stock inched down 0.06% in the last session, or 0.11 points, seeking a bottom to bolster it higher, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels. 

Therefore we expect the stock to return higher, targeting the resistance of 187.37, as long as the support of 181.52 holds on. 

Expected trend for today: Likely Bullish