Momentum in the MA moves has been slowing down. Minimally, it may retreat to the previous resistance level or to the dynamic short term volatility band.
We have ended or just about to end the uptrend for the short term I now look for a decline back into into a .382 over the next 8 td days I amout and flat I also covered small short in wti net loss.06 of 1 % I am net short 20% qqq and will add 10 % 178.09
After the latest apple credit card news, MA stock is going up, and probably won't stop just now. I'm opening a long trade ( trend following ) on this one even though or usually don't trade stocks, ( due to the liquidity i prefer fx) but this one seems to be a big one. Analysts are saying that this credit card trend could grow a lot, not only with apple, but with...
This is a daily chart of Mastercard showing its impressive three year rally from $80 to current levels. The pattern is an undeniable Elliott Wave impulsive move higher, with an extended Wave 3 on strong momentum. After breaking out of its base channel in 2017, the stock put in a near parabolic rally (even on a log-scale chart) to its Wave 3 high around $225....
MA is a great example of a strong stock. trending nice in this pattern, we are in a short term call position and will start unloading at 220 and then at previous high.
This is what tax cuts and buy backs look like.
"Return of Capital to Shareholders
For the full year of 2018, Mastercard repurchased approximately 26.2 million shares at a cost of $4.9 billion and
paid $1.0 billion in dividends. "
"During the fourth quarter of 2018, Mastercard repurchased approximately 4.4 million shares at a cost of $888
million and paid $259...
MA is approaching our first resistance at 205.38 (horizontal swing high resistance (Horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 193.51 (horizontal overlap support, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also...
With every slowing economy comes the surge in credit cards charge-offs and MA is one of the most richly valued companies which I have looked at. Price action has been knocking around a bearish expanding triangle and held in check by the 240M 200-periods moving average with a negative MACD divergence. Not sure if I am early to the punch but downside potential is...
3rd Head and Shoulders forming for MA and will surely come down hard to 180 target and might retest lows of 175s again. Credit section will fall this year and looking at financial banks to be caught on the slowdown since the economy will plateau and cause panic for financial markets. Next on my list is JPM and V stay tuned!
Momentum is slowing down.
Downtrend is healthy
Forming LL, LH, LL, LH
Short term Bearish.
I may open Bull Put Credit Spreads by the end of trading day tomorrow.
DTE = 45 days
Good luck to you.
My quant model predicts
Profitability: it has a high probability(80%) to rebound at this level.
Worst Case: it could drop to $171.49
Money Management: Bet no more than 20% of capital
Suggested Strategy: long stock for 5 Days, wait and exit
MA shares have been a fabulous growth story for years. The sales, EPS, & div growth have been top notch and this pullback can be a great entry for a long-term outperformer.
