Daily Chart of MA
MA was consolidating for four months since April.
In end-July, MA tried to break off this consolidation with a big gap after earnings. However, the overall weak market brought it down.
After filling the gap on 5 August, MA made another attempt to break off the consolidation.
On 15 Aug, MA made a continuation gap to break above the resistance.
MA is now ready to move higher.
MA was consolidating for four months since April.
In end-July, MA tried to break off this consolidation with a big gap after earnings. However, the overall weak market brought it down.
After filling the gap on 5 August, MA made another attempt to break off the consolidation.
On 15 Aug, MA made a continuation gap to break above the resistance.
MA is now ready to move higher.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.