McDonald's may rise to 274.50 - 278.90

Our pivot point is at 248.9.

Our preference

Short term rebound.

Alternative scenario

The downside breakout of 248.9 would call for 241.3 and 236.9.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the share stands above its 20 day moving average (254.316) but below its 50 day moving average (258.3252).

Supports and resistances

283.6 **

278.9 *

274.5 **

269.8

257.28 (USD-last)

252

248.9 **

241.3 *

236.9 **

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