McDonald's may rise to 312.00 - 315.00

Our pivot point stands at 296.

Our preference

As long as 296 is support look for 312.

Alternative scenario

The downside breakout of 296 would call for 291 and 288.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 299.0305 and 287.725).

Supports and resistances

319 **

315 *

312 **

309

301.9 (USD-last)

298

296 **

291 *

288 **

Number of asterisks represents the strength of support and resistance levels.