McDonald's gathers positive momentum - Analysis - 09-09-2019

McDonald's stock bounced lower in the intraday levels after the pivotal resistance of 220.00, while gathering momentum to help it recover anew and help it pierce that level, amid positive signals from the RSI with positive pressure from the 50-day SMA, with the dominance of the main upward trend in the medium and short terms. 

Therefore we reaffirm our positive outlook, especially if the resistance of 220.00 was breached, targeting the next one at 224.70. 

Expected trend for today: Bullish