Mastercard: Master the Hurdle! 🚧

NYSE:MA   Mastercard Incorporated
Mastercard should activate more upwards momentum to make it above the resistance at $390 – a feat in which it has succeeded already, albeit temporarily. Once above this mark, the share should vault into the green zone between $429.57 and $453.90 to complete wave B in green before returning below $390 again. However, we must keep in mind our alternative scenario with a probability of 33%: Mastercard might drop below the support at $340.21 to develop a new low first before heading further upwards. We would then expect this new low in the form of wave alt.(X) in magenta in the magenta-colored zone between $319.74 and $289.16.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.