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Stock market: McDonald’s is near resistance

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Trade idea

BUY 185.70; TP 187.50; SL 185.40

Last week the stock of McDonald’s took off from the support in the 180.50 area and approached March high at 185.60. Above this level, we see scope for some further upside, to the resistance line connecting November and January highs at 187.60. This level will likely represent an obstacle for buyers.  

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FBS Analyst Team

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