McDonald's stalls - Analysis - 19-03-2021
Economies.com
2021-03-19 11:01AM UTC
McDonald's stock (MCD) fell 0.54% in the last session on profit-taking while gathering momentum to help it vent off overbought saturation in the RSI, amid the dominance of the upward medium-term trend, with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 231.75.
Expected trend for today: Bullish
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