MA, DECISIVE Head-Shoulder-Formation, Likely To Complete Next!

Hello,

Welcome to this analysis about MA, we are looking at the 4-hour timeframe perspectives. The world is constantly changing more and more so also the payment processing world. In times of emerging central-bank-digital-currencies besides the already existing cryptocurrency market, classical payment providers need to find a solution to hold on with the trend. When the central-bank-digital-currencies should be implemented as expected it will be highly likely that apps will launch with which the payments can be processed, this can also potentially decrease the usage of plastic card payments, in this case, classical payment providers such as credit cards need to look how they can arrange to hold on with these new forms of payments. On the technical side now I discovered how MA is building an important formation that has a higher possibility to confirm bearishly to the downside, therefore I detected all important levels and upcoming determinations.

As when looking at my chart we can watch there how the stock has formed this massive head-and-shoulder-formation in the structure with the left shoulder, the head already fully completed and now with the right shoulder about to complete with the last movements. The bearish volatility with which the right shoulder has formed is important here as this kind of heavy downside volatility indicates a continuation to the downside which additionally adds to the bearish head-and-shoulder-formation-confirmation scenario. When the stock now finally closes below the neckline in blue this will complete the whole formation bearishly and will be the origin for further bearish continuations to the downside as well as activation of the target-zone within the 328 level marked in my chart in blue. Once this target-zone has been reached the situation needs to be elevated anew and if the stock manages to stabilize in this structure or continue bearishly to the downside which should not be kept by side depending on how the bearish developments establish.

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Comment:

ANALYSIS UPDATE: MA completed the major head-shoulder formation as it formed the right shoulder to emerge with a massive bearish pullback.

MA since forming the right shoulder completed the whole formation with the final bearish breakout below the neckline to reach all of the target zones.