McDonald's dominated by main upward trend - Analysis - 22-08-2019

McDonald's stock gathered momentum in the intraday levels, as the resistance of 220.00 held on, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI. 

Therefore we expect the stock to rise, especially if the resistance of 220.00 was breached, targeting the next one at 224.70. 

Expected trend for today: Bullish