McDonald's moves in sideways pattern - Analysis - 09-03-2021

Economies.com
2021-03-09 11:50AM UTC

McDonald's stock (MCD) rose 0.84% in the last session after the pivotal support of 202.55 held on, lending the stock positive momentum, amid negative signals from the RSI, while trading alongside the downward short-term trend line.

 

Therefore we expect more gains for the stock, targeting the first resistance at 218.50. 

 

Expected trend for today: Bullish 

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