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Mastercardanalysis

MA NEXT DAYS/WEEKS ANALYSIS - Counter thrend-next breakoutDAILY 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 $260 was broken,and now as we can see the price is retesting that previous resistance that now is a new support. We saw the price retrace at 0.618 fib level and now, it was consolidating for some period and after breaking the descending channel it went around 280$ and formed a double top (?) . Scenarios Maybe the price will retrace a little bit to test some previous supports and bounces back to retrace higher possible in the 1,27 or 1.618 fib extencion level that also around there is a strong resistance from previous months at around 320$. This is just my opinion not a financial or trading advice.
NYSE:MALong
by we_axolotl
Mastercard: A Technical Approach 1D (May 06)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 gap around $340 - We are currently trading within an ascending channel, creating higher lows and higher highs - Prices have broken through and closed above the Ichimoku Cloud resistance - The EMA (Exponential Moving Average) Ribbon cross generally signals mid-term trend reversals - In the case of Mastercard, we see that a death cross has formed on the EMA ribbon before a big drop, and we are currently looking at a potential golden cross - The Relative Strength Index (RSI) is showing an uptrend as well, creating higher lows and higher highs - The Moving Average Convergence Divergence (MACD) is also at an uptrend, forming higher lows and higher highs after a golden cross What We Believe We believe that Mastercard's technicals remain solid, as we have broken through many significant resistance levels while maintaining the bullish trend. Moreover, there is a lot of strength and momentum to support this ongoing bullish trend, potentially moving up to fill in the price gap around $340. Trade Safe.
NYSE:MALong
by XForceGlobal