McDonald's: Expected To Rise Towards Its Resistance Level

By AAATrade of AAATrade.com

Jul 5, 2022 at 6:15 AM EDT

Today we could expect its price to rise toward its resistance level and if it manages to break it through then it should continue rising towards its next resistance level at around $258.

Today’s instrument is the McDonald’s Corp. stock traded on the NYSE exchange under the ticker MCD.

When we look at the MCD’s chart, we can see it is trading at the current price of around $252.88. Its support is at about $245 and its resistance is at about $255. Today we could expect its price to rise toward its resistance level and if it manages to break it through then it should continue rising towards its next resistance level at around $258.

(Click on image to enlarge)

McDonald's

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