McDonald's slides on profit-taking - Analysis - 27-04-2017

McDonald's stock (MCD) fell in the intraday levels, recording a loss of 0.61% in the last session, or 0.86 points, as traders took profits of past short-term gains, while the stock gathers momentum to help it rise again, amid the dominance of the main upward trend in the medium and short terms, with a noticeable rise in trading volumes, coupled with ongoing positive pressure from the SMA for the last 50 days period, as the stock trades within the third and final wave of a harmonic pattern that's forming currently, the AB=CD pattern as shown in the attached chart. 

Therefore we expect the stock to rise in the coming trading, targeting and readying to tackle the resistance of 144.84.