McDonald's may fall to 229.70 - 234.40

258 is our pivot point.

Our preference

The downside prevails as long as 258 is resistance.

Alternative scenario

Above 258, look for 266 and 270.8.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 254.587 and 262.0732).

Supports and resistances

270.8 **

266 *

258 **

254.7

251.09 (USD-last)

239.1

234.4 **

229.7 *

224.7 **

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