Mastercard should activate more upwards momentum to make it above the resistance at $390 – a feat in which it has succeeded already, albeit temporarily. Once above this mark, the share should vault into the green zone between $429.57 and $453.90 to complete wave B in green before returning below $390 again. However, we must keep in mind our alternative scenario...
- MA is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction.
- The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range.
- The stock is approaching resistance at 380, which may give a negative reaction.
- However, a break...
MA just broke above the cloud, MA crossing up and new moon phase begins tomorrow or Wednesday suggests a bullish move impending much overhead resistance around $370 but it'll likely break through
Divergence and a highly likely start of a new cycle on the daily appears to be on the cards here. Is this a new Wave A on its descent down?
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant,...
If we see a break of the trend line, we could see a big move up for $MA.
If we do close at the top of this daily candle, then it would be engulfing and very bullish IMO.
Overall though a break and hold of that $356.27 is a great sign. Excited to see where she goes.
It looks like $MA is approaching a resistance here.
If we break out it can really run, fundamentally she can go to $400.
For a quick swing we can be in the $360s pretty easily.
4H looks great as well. Weekly and 2H meh.
Good luck, wait for Powell.
The PEAD projected a Bullish outlook for $MA after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 54.55%.
Mastercard - 30d expiry - We look to Sell a break of 335.88 (stop at 345.02)
Trading has been mixed and volatile.
A break of the recent low at 336.02 should result in a further move lower.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Short term bias has turned negative.
A higher correction is expected....
Mastercard Inc (MA) is rebounding again back towards the top of its +1 year Channel Down pattern after the December 02 rejection on the 262.000 Resistance, which happened to be also at the top (Lower Highs trend-line) of the Channel.
If the price breaks above, that alone would be a major bullish break-out signal for the long-term but ideally we would like to see...
short 314 target ......................................................................................................................................
Falling Wedge Breakout
Formation of HH and HL
Aggressive Entry @ current Level (360.06)
Conservative Entry @ formation of HL, confluence with trendline support (355)
Trade with specified Stop Loss
TP levels are specified
Ride the trend with trailing stop Loss
Master Card is Forming the Double Bottom Pattern on the Hour TimeFrame After the Breakout of the 200days Plus Trend Line. First Target Should be $348.92 and seconf target should be $352 Around. Good Short Term Long Trade we can take. Please Take a look at the Chart.
Mastercard
Intraday - We look to Sell a break of 338.10 (stop at 362.71)
The primary trend remains bearish. Trading within the Wedge formation. A move higher faces tough resistance and we remain cautious on upside potential. Further downside is expected. A clear break of 338.10 and we would look for further gains to 276.50.
Our profit targets will be...
![MA: MA - Horizontal Trend Channel [MIDTERM]](https://s3.tradingview.com/i/iVBkcBYy_mid.png "MA - Horizontal Trend Channel [MIDTERM]")
