timwest

Mastercard at a resistance level

NYSE:MA   MASTERCARD INC
208 0 0
260-210 accumulation zone
and on top of that there is a
288-260 accumulation zone
which was tested in August
and again in October.
But now there is a defensive,
if not "distributive" appearance
to the chart of MA. The large
swings up and down from 340
down to 300 suggest a large
seller has been dumping a
significant position. The rally
here from 295 to 330 suggests
it is worth a try on the short side.
Look for a test of the $312 area and use a $340 stop loss.
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out