Take profit was smashed and price moved further than anticipated. Check the original analysis below.
Aiming for ~260 as breakdown target Chart pattern based short
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 retesting that previous resistance that...
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...