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MASTERCARD INCORPORATED CEDEAR EACH 33 REPR 1 (USD)MASTERCARD INCORPORATED CEDEAR EACH 33 REPR 1 (USD)MASTERCARD INCORPORATED CEDEAR EACH 33 REPR 1 (USD)

MASTERCARD INCORPORATED CEDEAR EACH 33 REPR 1 (USD)

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Bullish Crab x 5Possible stop below 281.15 Long entry level 309.15 Possible T2 390.2 to 420.5 (longer term) MA fell from a bearish rising wedge several weeks ago at 327ish Deep pull back ensued and seems to have recovered Gaps below price can provide support Pattern only valid at or above LE level Just an observation The Crab pattern is similar to a Butterfly pattern in that it is a reversal pattern composed of four legs marked X-A, A-B, B-C and C-D. Like the Butterfly, it can help you identify when a current price move is likely approaching its end. This means you can enter the market just as the price reverses direction. As with many patterns, there is a bullish and a bearish version of the Crab Identify where the pattern will complete at point D – this will be at the 161.8% extension of the X-A leg. Place a buy order here. If you want an aggressive profit target, however, you can place it at point A of the pattern. For a more conservative profit target, place it at point B. Like many harmonic patterns, fibonacci retracemnts are used
NYSE:MALong
by lauralea
Mastercard: Price continues to fallBearish price trend continues after 3rd quarter earning targets was missed due to lower travel-related spending during the summer months. From a technical standpoint, the price gap brings us to the previous strong resistance zone of $280-283. Important points to highlight here: - Price reacted strongly by 'gapping' past the 0.382 Fib level from $316 to 301 - This zone is now a strong support price zone. - This zone has confluence with the 0.5 Fibonacci level It is very likely that this support will hold with prices interacting with / consolidating around, the zone before either: - reversing back up (very likely going by how strong this level has been in the past), AND - move up to close the price gap of $316 to 301, or - break through support level ($280 - 283) and head further towards the next logical support level of around $260-263, which also confluence with the 0.618 Fib level. This bearish sentiment is supported by MACD, which is now in the bearish territory. My view are as follows: 1. For those who are yet in any position, to wait for a clear market direction (from $280-283 price level) following the sell-off precipitated by investor disappointment with the missed 3rd quarter earning targets. You might be able to BUY in cheaper between $263 and 283 2. For those who already have a position in Mastercard at higher price level, this is a good opportunity to Dollar Cost Average at the $280 - 283 level. If price falls further you have another opportunity to DCA further at the next support level of $260 - 263.
NYSE:MALong
by aderoy