McDonald's attacks pivotal resistance - Analysis - 06-10-2021

McDonald's stock (MCD) rose 0.88% in the last session, amid positive divergence in the RSI after reaching oversold levels compared to the stock's movements, amid positive signals out of them, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA, tackling the pivotal resistance of 246.45. 

Therefore we expect more gains for the stock, targeting the resistance of 255.50, provided the resistance of 246.45 was breached. 

Expected trend for today: Bullish