Mastercard $MA Mastercard is close to buying point of $310.43. Forming a double bottom, to confirm needs to get above the buy point.
12 months Consensus Price Target: $326.85
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MA trade ideas
Knowledge about Gaps trade in market:By keeping 287.62 as stop-loss we can trade in this stock, target 313.49
Because the stock has many gaps we will talk about gaps,
Gaps are areas on a chart where the price of a stock moves sharply up or down, with little or no trading in between.
A gap is produced when on a particular day a certain stock at its lowest price is traded higher, compared to its highest price at which it was traded on a preceding day.
Gaps can provide clues about the price movement.
Remember that not all gaps are genuine, some are phony as well. Genuine or valid gaps occur when the market skips a price level.
Common gaps normally occur in calm and quiet markets, rather trend less markets.
There is a common superstition that “a gap must be closed.” It is further molded into “If space isn’t filled in three days, it will be filled in three weeks, and if it isn’t filled in three weeks, it will be filled in three months, etc.”
MA Waiting for More Volume TriggerPrice Side:
#Rising price with good trend channel
#Price supporting with good sight
#Trend Line as price defense
#Exit if price drop
#Trade with care
Volume Side:
#Flag for waiting volume trigger
#Volume showing average
#Expecting more rising volume
#Exit if volume drop
#Trade with care
*Disclaimer : This is Not Financial Advice