$V #V Wait for bearish momentum to cool off, 50ema (red line) at support, if it bounces and cross 20ema (red line) will rocket to the pre-market crash level.
Very good risk/reward play backed by exceptional company fundamentals and future prospects.
PriceTarget: 215
Stop loss if going under the 50ema or 200$.
Mastercard is close to buying point of $310.43. Forming a double bottom, to confirm needs to get above the buy point.
12 months Consensus Price Target: $326.85
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MasterCard looks interesting.
Above 200 EMA and 50 EMA
Stochastic RSI turning up.
Volume ok
All required is volume to go up, breakout 316 and green bar.
I will be looking at 330 being gap and once crossed 60 to 80 $$ possible
OBV is flat with increasing price. This looks like a stronger play for a break out than V, IMO. But not real strong.
Visa has a diverging OBV and looks less likely to break out.
WHo knows, we shall see.
DAILY CHART
As ween can see in the daily chart , the Mastercard stock until the end of March was in a strong downtrend. Around end of March it has a double bottom (As Visa stock) and then began a new uptrend. We can say it is going for uptrend cause the Lower High around $260 was broken,and now as we can see the price is...
X Force Global Analysis:
In this analysis, we take a purely technical approach in analyzing Mastercard (MA)
Analysis
- The first thing we notice is the fact that Mastercard is in the process of a "V" shape recovery, just as many other blue chip stocks
- We have broken through and closed above two major descending trend line resistances
- There is a price...
Keep your trading simple
Bullish Long Term
T1 = minimum risk reward 1:1
I always leave 1/3 of my position for long term gains - moving my stop to my entry if I need to give room for the volatility or using trailing stop for maximum gains.
Not a financial advise - trade smart trade safe.
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after a bullish breakout of the key weekly/daily level,
it looks like bears are still willing to push and the breakout might turn to be false.
look at this triple top pattern on 1h with two lower highs,
then break out of minor support and retest with a bearish reaction...
looks like stock will drop lower.
initial target...
Hello traders,
I am going to analyze the Mastercard market ( NYSE:MA ), where I entered trade yesterday.
My intended entry point was too far from the zone, so I had to w8 for a pullback.
That happened yesterday and we could enter the trade with a DISCOUNT.
Sometimes setup is very good, but Price Action does not allow to enter the trade. Never mind, we...
Setup working just as planned. Opened today above demand, quick dip down to demand, then a nice rally for 10+ points! Possible little pullback around 273 to watch for next potential entry.
