Not my usual setup but chart showing classic J Hook setup.
PA is hitting S/R at 265.
RSI showing sings of Oversold.
Volume continues to Increase.
Will watch how PA opens today and take a view.
Looking for PA to consolidate before Reversal to Mean Higher.
Looking at 265/260 Put Credit Spread with 270 Call for Higher Bias.
Sept Exp.
Good Luck - Watch your $$$ RISK
18-Jul
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Rising section of high profit & low risk
S&D strength Trend: About to begin an upward trend as a adjustment trend gradually gives way to increasing limited falls and strong rises.
Today's S&D...
12-JUL
Investing position: In Rising section of high profit & low risk
S&D strength Trend: In the midst of an upward trend of strong upward momentum price flow marked by the temporary falls and strong rises.
Today's S&D strength Flow: Supply-Demand strength has changed from a weak buying flow to a suddenly strengthening buying flow.
read more:...
Sometimes a bearish wedge cannot describe how strong a market would be, but a banana shape could.
The Banana Shape of MA+V+MSFT+CSCO+AXP described how strong the market was.
03-Jul
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Falling section of high risk & low profit
S&D strength Trend: In the midst of a rebounding trend of upward direction box pattern price flow marked by limited falls and upward...
*** Don't be fooled by today's pump... They still haven't cured Cancer! ***
They have nothing to justify a +50% in price in just 6 months...
***If you know something... Let's talk about!***
Daily RSI very Oversold. Bounce Off BB% .50 & S/R Level
Aiming for 255/250 Bull Put with 260 Call for Directional Bias
Exp July
Good Luck - Watch YOUR RISK.
So Many short on the market right now after that Friday epic pump. SBUX, V, AXP, VEEV and so many more ... It's open buffet right now, the meltdown will be epic.
MA has been trending to the upside for quite some time. Although markets are way overbought there is still no sign of considerable weakness. Hence for a bullish setup MA is a good choice since this is a very strong performing stock. Feel free to adjust the stop protection based on your risk tolerance. Since there is no prior resistance area , a trailing stop or...
Mastercard crossed both the 50-day and 10-week moving average, and is today testing support of the 20 day moving average (center line of the Bollinger bands) after an overnight gap up. It is also among the top 10 in the buy zone on IBD's Leaderboard.
The simple moving average of the last 10 days and the exponential moving average of the last 30 days show an upward trend and two resistance lines with a range that goes from $246.41 to $251.11
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus. The Company provides a range of products and solutions that support payment products, which customers can offer to their cardholders. The Company's services facilitate transactions on its network among cardholders, merchants, financial institutions and governments. The Company's products include consumer credit and charge, commercial, debit, prepaid, commercial and digital. The Company's consumer credit and charge offers a range of programs that enables issuers to provide consumers with cards allowing users to defer payment.
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MA
