christianmartin4746

MA looks forward to a twenty dollar move

Long
NYSE:MA   Mastercard Incorporated
MA is at the bottom of a double top trend and now it looks for a nice move

- The gravestone Doji at the bottom of the trend signifies a reversal
+ Where the Doji was the RSI was at its lowest which is another indicator of a reversal

- The fast moving MACD (5,35,5) line just crossed the signal line

- MA typically uses the midline of the pitchfork as a level of resistance
+ The midline + fibonacci extension estimate the resistance point would be around 378
+ The pitchfork estimates that MA would reach this point around September 22
Comment: If MA falls then this is its support level

- September 9: $348.30
- September 10: $346.67
Comment: Stop Loss $342.3