McDonald's tries to pierce pivotal resistance - Analysis - 12-04-2021

McDonald's stock (MCD) rose in the intraday levels, tackling the pivotal resistance of 231.75, amid positive pressure from the 50-day SMA, with the dominance of the main upward trend in the medium term, countered by negative signals from the RSI after reaching overbought levels. 

Therefore we expect more gains for the stock, targeting the resistance of 243.63, provided the resistance of 231.75 was breached first. 

Expected trend for today: Bullish