McDonald's pierces pivotal resistance - Analysis - 16-04-2019

McDonald's stock rose 0.13% in the last session, piercing the pivotal resistance of 189.88, 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 after reaching oversold levels. 

Therefore we expect more gains for the stock, as long as it settles above 190.88, targeting the resistance of 196.72. 

Expected trend for today: Bullish