McDonald's shakes off negative pressure - Analysis - 28-10-2021

Economies.com
2021-10-28 10:58AM UTC

McDonald's stock (MCD) surged 2.67% in the last session, settling at 242.73, and shaking off negative pressure from the 50-day SMA, with positive signals from the RSI after reaching oversold levels.

 

Therefore we expect more gains for the stock, targeting the support of 237.79, targeting the pivotal resistance of 249.80.

 

Expected trend for today: Bullish

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