McDonald’s stocks resumed their upward move as it was widely expected, having rebound from the major uptrend line 89.0.
Now the main target for buyers is the resistance level of 89.8. After it is breached, it will be possible to reach 90.4.
In case the support level of 88.6 is taken, the prevailing tendency will change to downward and we will get a sell signal.
Axel's levels for today:
Daily pivot point: 89.11.
If the price is above the pivot point, the asset is bullish.
If the price is below the pivot point, the asset is bearish.
Resistance 1: 89.38.
Resistance 2: 89.72.
Support 1: 88.77.
Support 2: 88.50.
We recommend buying MCD stock today after the resistance level of 89.38 is broken through.