McDonald's widens gains - Analysis - 26-05-2017

McDonald's stock (MCD) kept rising in the intraday levels, scoring a profit of 0.19% in the last session, or 0.28 points, amid positive support from the 50-day SMA, while relative power indicators reached extremely oversold levels compared to the stock's upward movement, with the dominance of the main upward trend in the medium and short terms. 

Therefore we reaffirm our positive outlook for the stock, targeting the resistance of 154.91 to finish that harmonic pattern, as long as the support of 144.84 holds on.