Based on the unique methodology I use to forecast the market we could have already started the final wave to the upside. the here is also a confluence of the 0.618 Fibonacci at that same level, which reinforces the importance of that threshold if the stock were to take a breather in the following days.
Using these levels as key pivots for my Mastercard stock price prediction, the outlook for MA shares remains bullish.
This means that any dip at this point could be taken as a buying opportunity as the stock could end up resuming its latest uptrend with a first target set at MA’s latest all-time high of $400.
Meanwhile, if that level is to be broken, a brand new bullish phase could be around the corner with a first target set at $450 – the -0.270 Fibonacci extension.
The potential upside in any of those scenarios remains tied to the entry price while buying today’s dip could end up offering a four and 30 per cent return if those targets are hit.
Good wave count, I've just posted a very similar idea where the ending diagonal is forming now which will be followed by a deep correction within a month. It will be good to have your opinion