ThinkingAntsOk

Clear bullish Strenght on the Market / MASTERCARD

Long
NYSE:MA   MASTERCARD INCORPORATED
Let's see why we expect more bullish pressure coming on the market based on technical items.

a) The price made a new ATH in September 2020, and after that, we observed a Massive Corrective structure. (This type of structures can tell us about the Accumulation process going on)

b) In November, we observed a breakout of the Massive corrective structure

c) Now, after a month of the breakout, we can see a minor corrective structure on the edge of the previous one

d) Based on the current levels and structures, we expect a continuation of the bullish movement IF the price breaks above 354 (Above the previous All-time high)

e) Our Targets are 375.98 as the first level and 402.18 as the second level.

f) IF the price goes in the expected direction, we will wait for a 50 days resolution.
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Comments

so good ,thank for your analysis
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