McDonald's starts recovering - Analysis - 19-02-2021

Economies.com
2021-02-19 11:35AM UTC

McDonald's stock (MCD) returned higher with a 0.93% profit, amid positive support from the 50-day SMA, while hurt by piercing the downward correctional trend line, with negative signals from the RSI.

 

Therefore we expect the stock to rise and target the resistance of 231.75, provided the resistance of 218.50 was reliably breached. 

 

Expected trend for today: Bullish

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