McDonald's strives to gather momentum - Analysis - 15-11-2018

McDonald's stock inched down 0.09% in the last session, or 0.16 points, as the stock gathered momentum to help it rise anew, while venting off overbought saturation in the RSI, amid the complete dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA. 

Therefore we expect the stock to return higher, especially if the resistance of 187.37 was breached, targeting the next one at 192.94. 

Expected trend for the stock: Likely Bullish