On January 30, the American payment services provider Mastercard presented results that far exceeded forecasts.
It earned 12,874 million dollars (12,351 million euros) in 2024, 15% more than the previous year. Net income reached 28,167 million dollars (27,023 million euros), 12.2% more.
Meanwhile, operating costs reached 12,585 million dollars (12,074 million euros), 13.5% more.
Mastercard CEO Michael Miebach commented on the results: “This quarter we have achieved good results, with net income growth of 14%, or 16% without taking into account currencies.”
He continued: “Our diverse capabilities in payments and services and solutions, including the acquisition of Recorded Future this quarter, set us apart and position us well for long-term growth, as we outlined at our investor day.”
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---> What does it look like technically?
DESPITE THE STOCK MARKET CRASH we are immersed in due to the TRADE WAR, if we look at the chart, the trend is still clearly bullish and has not yet broken ANY important support that would put it in danger, therefore, EVERYTHING INDICATES THAT WE ARE FOUND WITH A GREAT OPPORTUNITY TO GO LONG, since the market has fallen a lot and it is logical to expect an upward correction in the next few days of the SP500 index, which will logically support the rise in the price of Mastercard.
Furthermore, the price today touched the 61.8% Fibonacci and respected it (DESPITE THE CRASH), which gives us another clue that the area is respected and is possibly the floor of the next bullish impulse.
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Strategy to follow:
ENTRY: We will open 2 long positions if the H4 candle closes above 553
POSITION 1 (TP1): We close the first position in the 575 area (+4%)
--> Stop Loss at 530 (-4%).
--> Ratio 1:1
POSITION 2 (TP2): We open a Trailing Stop type position.
--> Initial dynamic Stop Loss at (-4%) (coinciding with the 530 of position 1).
--> We modify the dynamic Stop Loss to (-1%) when the price reaches TP1 (575).
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SET UP EXPLANATIONS
*** How do you know which 2 long positions to open? Let's take an example: If we want to invest 2,000 euros in the stock, what we do is divide that amount by 2, and instead of opening 1 position of 2,000, we will open 2 positions of 1,000 each.
*** What is a Trailing Stop? A Trailing Stop allows a trade to continue gaining value when the market price moves in a favorable direction, but automatically closes the trade if the market price suddenly moves in an unfavorable direction by a certain distance. That certain distance is the dynamic Stop Loss.
-->Example: IF the dynamic Stop Loss is at -1%, it means that if the price drops by -1%, the position will be closed. If the price rises, the Stop Loss also rises to maintain that -1% in the rises, therefore, the risk is increasingly lower until the position becomes profitable. In this way, very strong and stable price trends can be exploited, maximizing profits.
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.
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.