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WellTrainedMonkey

MA: Expanding triangle formation with MACD divergence

Short
Mastercard Incorporated (NYSE:MA)  
WellTrainedMonkey  
NYSE:MA   Mastercard Incorporated
Trend Analysis Chart Patterns mastercard expandingtriangle 200ma macdivergence
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trendanalysis chartpattern mastercard expandingtriangle 200ma macdivergence
With every slowing economy comes the surge in credit cards charge-offs and MA is one of the most richly valued companies which I have looked at. Price action has been knocking around a bearish expanding triangle and held in check by the 240M 200-periods moving average with a negative MACD divergence. Not sure if I am early to the punch but downside potential is around the $1600 region which implies -c.17% downside.
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