McDonald's may fall to 235.00 - 239.60

Our pivot point is at 266.4.

Our preference

As long as 266.4 is resistance look for 239.6.

Alternative scenario

The upside breakout of 266.4 would call for 274.4 and 279.1.

Comment

The RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the stock is trading above its 20 day moving average (254.007) but under its 50 day moving average (257.8682).

Supports and resistances

279.1 **

274.4 *

266.4 **

263.3

254.05 (USD-last)

244.1

239.6 **

235 *

230.2 **

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