MA bounce off long term support, PT: 400+

NYSE:MA   Mastercard Incorporated
11 minutes ago
Although I am not very bullish on the market as a whole, I see this as very good opportunity to grab some long calls for MA.

With MA being a very stable company, I do not see why they would drop anymore than they already have, also its been following this support and resistance trend for the past 5 months.

  • The way I will be playing this is on a clear break of 361.70 resistance, I will grab some 4/16 365 calls.

My price targets are listed above on the chart also:
PT1: 365.43
PT2: 373.37
PT3: 384.30+ (free runner)

Again I will say, I am playing this very wary due to the awful market conditions we are in so if you play this with me, please use a small position as I will be doing the same!



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