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 + Visa long term shorts. Mastercard's and Visa's biggest long term competitors are seeing massive growth in a booming crypto market. Will follow up on this later.
An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Seriously, who the hell is buying this. I am amazed as to how big this entire bubble is ballooning. Daily RSI hit 84+ today, and we have massive MACD divergences. Looking for $205 by end of May.
MasterCard has had a great 2019 but it may be wise to take profits before earnings. The chart is starting to look over extended and indicators are starting to turn negative. No need to be greedy looking for another 2%upside.
