MA
MasterCard is a credit card company that operates a global payment processing network connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories.
Top ETFs holding MA in their portfolios
SPY : SPDR S&P 500
IVV : iShares Core S&P 500 ETF
VOO: Vanguard S&P 500 ETF
IWF : iShares Russell 1000 Growth ETF
VUG : Vanguard Growth ETF
USMV: iShares Edge MSCI Min Vol USA ETF
XLK : SPDR Select Sector Fund - Technology
IVW: iShares S&P 500 Growth ETF
ITOT : iShares Core S&P Total U.S. Stock Market ETF
IWB : iShares Russell 1000 ETF
Mastercard looks good on the charts. While it has had a great run and bulls have been on a roll, its getting close to the overbought zone.
I have rolled out on the charts various important levels on the charts that may be important levels for future support/ resistances to look out for in the future
Since Mastercard is at all-time highs, we need to look for signs of exhaustion or change of uptrend, if any.
From our our perpesctive, we need to see that our trendline is respected (represented by the blue line. Also, prices should find support at 2 identified levels in 2020. These are $ 316.18 and $309.47
A close below these levels may warrant us to relook at the charts, else all should be well
We will relook at charts regularly to see how this pays off
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Cheers
