Mastercard, We're Looking For Further Bullish Investor Sentiment
Friends,
I like trading MA, I regularly place ideas up for this stock and the stock through many examples tends to respond very well to candlestick signals. I always get excited trading this stock as it's been good to me.
Anyway, we're currently seeing a possible bullish impulse swing, possibly taking the stock to all time highs, which, the stock recently did do.
1. There was a bullish kicker signal
2. The stochastic was in the oversold condition, and the kicker caused the stochastic to curl up
3. The bullish kicker signal came straight off the 50EMA, is the 50EMA holding as support?
4. The bullish kicker signal was a very nice one, price on this signal gapped not only above the previous days open, but also above that price.
5. The bullish kicker Marubozu confirmation was a strong buying day, with no downside from the open at all, this definitely increases the credibility of the kicker signal.
6. The stock retraced in between the 0.5 and 0.618 of the Fibonacci before this kicker occurred.
The 7th step of this trade, is we would like to see an open above the trading high on 12.05.2015 of 89.87, which also pushes the stock above the 8EMA which is my entry moving average.
Due to the fact the signal is a bullish kicker signal, we are anticipating the stock hitting all time highs. The bullish kicker, being the strongest signal you can probably get of buying potential in all candlestick patterns, may be the relevant propulsion this stock needs to break the recent double top that barred prices from going higher. But we can only hope, the stock market has a weird way of doing things, and things can change.
If it opens above 89.87 or opens above previous days close BUT trades higher and quickly, I will be buying aggressively into MA stock.
I have attempted making my chart ideas more clearly presented than they used to be, and I hope they are. If you have any feedback regarding my presentation, please let me know :)
Happy trading,
Tom
I like trading MA, I regularly place ideas up for this stock and the stock through many examples tends to respond very well to candlestick signals. I always get excited trading this stock as it's been good to me.
Anyway, we're currently seeing a possible bullish impulse swing, possibly taking the stock to all time highs, which, the stock recently did do.
1. There was a bullish kicker signal
2. The stochastic was in the oversold condition, and the kicker caused the stochastic to curl up
3. The bullish kicker signal came straight off the 50EMA, is the 50EMA holding as support?
4. The bullish kicker signal was a very nice one, price on this signal gapped not only above the previous days open, but also above that price.
5. The bullish kicker Marubozu confirmation was a strong buying day, with no downside from the open at all, this definitely increases the credibility of the kicker signal.
6. The stock retraced in between the 0.5 and 0.618 of the Fibonacci before this kicker occurred.
The 7th step of this trade, is we would like to see an open above the trading high on 12.05.2015 of 89.87, which also pushes the stock above the 8EMA which is my entry moving average.
Due to the fact the signal is a bullish kicker signal, we are anticipating the stock hitting all time highs. The bullish kicker, being the strongest signal you can probably get of buying potential in all candlestick patterns, may be the relevant propulsion this stock needs to break the recent double top that barred prices from going higher. But we can only hope, the stock market has a weird way of doing things, and things can change.
If it opens above 89.87 or opens above previous days close BUT trades higher and quickly, I will be buying aggressively into MA stock.
I have attempted making my chart ideas more clearly presented than they used to be, and I hope they are. If you have any feedback regarding my presentation, please let me know :)
Happy trading,
Tom