The charts are lined up to the high in 2008 and the current rally looks tired at the old high, creating the look of a double-top. Given that MA and V are well off the highs and have been lagging DFS, it looks like a trade is set up here to short DFS and go long MA and V as a package. Make the longs the same total dollars as the short.
Risk a loss of 5% on the...
Watch at $77.89 for clue. Buyers need to get worry below 72.17 short sellers be careful above 79.27. If it breaks out from the triangle's descending trend line expect a measured target price at 84-84.50 if u need a real time alerts try us www.2waytrading.com
5-years strong upside trend with light volume seems to come to end with bloodshed. Look at the chart (Monthly) you will see where we are heading. Time to build a nice long term trade. We will have a detailed trade plan soon, and stay tuned. If you like follow us.
UNTOUCHED GRAPH FROM A MONTH AGO:
Granted I put "stop loss" right at the "Maximum" resistance levels at the center of the gray triangles, but the downside action has closely resembled the forecast in time, price and volatility.
Master Card has had a great run, and now we've got a tremendous amount of new volume post split which has added to the volatility of the stock. Combine that with "this quarter's dooms day sayers" for stocks and we have a nice story to begin building a position in this stock. This is not a bottom call, but for all of those longer term investors, its a call to...
I've read "How to Make Money in Stocks: A Winning System in Good Times and Bad" by William J. O’Neil, but still missed this cup and handle setup followed by this enormous move into space.. and beyond!
MasterCard MA
Credit Card Processing = $87 BILLION MARKET CAP
I think Bitcoin is challenging the fundamental valuation of these "transaction processors". If we assume that bitcoin is even a small threat to this establishment, then we can also assume that there is a lot of firepower behind wanting to keep this amount of market cap in tact. Nearly $400 BILLION...
Looks bullish very short-term for Fib ret. to test 50% fib & pssbly the 61.8% Fib levels & then bearish & back lower to test the intermediate trendline around 67 level
Like the chart I posted earlier on 3M, theres nothing much to say here.
Look at the green lines. Previous resistance levels become support after a short rally. The same case today, we had a retest of the previous resistance, hammer and lets see what will happen today. Final target should be over the resistance level, unless we see some bearish action there. I...
Looks bearish here on the short-term as it has had 3 down days in a row and is touching the upward trendline.......if it b/o of the upward trendline w/ vol. then tgt.#1=815 & tgt.2=781
