vlad.adrian
Long

Mastercard - simple ideea

BATS:MA   MASTERCARD INCORPORATED
187 1 0
Like the chart I posted earlier on 3M             , theres nothing much to say here.

Look at the green lines. Previous resistance levels become support after a short rally. The same case today, we had a retest of the previous resistance, hammer and lets see what will happen today. Final target should be over the resistance level , unless we see some bearish action there. I didn't check the fib extensions cause there are only 5 minutes left till market open, there might be some symetry there. 34EMA provides excelent support.

If there's no ugly gap down, long on market open
22.01.2014 Mastercard just had a 10 for 1 stock split, so the price is now 10 times smaller. Still, I hold my long position
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