MA reverse from 161% and uptrend .. we will suggest selling the stock toward 656 and the best place to sell near 675 , the main target is 640 soon
Possible mean reversion play in Mastercard. At the top end of its Linear Regression channel and Bollinger Bands. Also Extremely overbought. Could test the $655 - $660 range before another move up.
Trendline - Still more possible upside price action due.
The trend seem to have lost some steam. See our full analysis at www.investazor.com
MA and V have been in a monster uptrend since 2010. So shorting isn't exacting for the faint of heart. Especially after today when you see it get solid volume and close above the 10 EMA. But if risk is your thing then I would suggest this. We appear to be in a AB=CD pattern short term. Which if that plays out we will break the neckline on what appears to be a head...
Be patient and get your gun ready if price pushes towards 521 area for a possible 20 pnts gain downside. Let the trade come to you, and don't chase over extended price. If you decide to short right 521 area make your stop lose at 127% 535 area with target price $500. Join us www.woowtrading.net