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Oct 4, 2023 5:49 PM

MASTERCARD gives a $445 end of year target Long

Mastercard IncorporatedNYSE

Description

Mastercard is trading inside a Channel Up and today almost hit the bottom.
As long as the MA200 (1d) isn't broken, the long term trend stays technically bullish.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 445 (+14% rise a minimum on the bullish legs prior).

Tips:
1. The RSI (1d) prints the exact same bottom pattern as on the May 31st Low.

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Comments
jdmabry2012
Thanks for the chart and strategy. Are you able to update before the upcoming earnings report? Unsure how the ongoing merchant fee case will impact resistance.
MyCryptoParadise_Nathan
Here's to more green candles in our future! 🕯️📈, Thanks for the analysis
ArmanShabanTrading
Well explained!
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