McDonald's may rise to 314.00 - 317.00

Our pivot point is at 299.

Our preference

As long as 299 is support look for 314.

Alternative scenario

The downside breakout of 299 would call for 294 and 291.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 300.7205 and 289.9714).

Supports and resistances

320 **

317 *

314 **

311

305.04 (USD-last)

301

299 **

294 *

291 **

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