MAD trade ideas
MA Long on Short-TermBuy Limit 208.00
Stop Loss 198.00
Doji star with 2 gaps is formed at support line. It just reached 0.618 Fib retracement level.
Many NASDAQ stocks have similar formations, which means that the market is turning uptrend
S&P500, DJI and NASDAQ are at important support level.
RSI went down too quickly. It means an imminent up in price.
I will give a sell indication later.
Stay tuned for update
MA shows bullish trading activityMA shares broke out to new highs on big volumes. This trend should continue.
Short SellFollow the comments on the chart! If the price goes up to the size of the stop loss point, put the stop loss on the entry point, Stop loss means that the closing price must be below the Stop line, the shadows are not acceptable. NYSE:MA SP:SPX
MA - Counterattack candle pattern, RSI positive reversal,...RSI shows positive reversal, stochastic is about to golden cross the signal line from oversold zone. Candles from today and yesterday form a counterattack pattern. July 30th and 31st candles form a tweezers bottom pattern (lower wicks will act as support, and can also be used as stop). All these indicate a bottom reversal.
Buy Alert for "MA"My WT Cross strategy has alerted me to a buy signal for Mastercard(MA) at $207.89, so my idea is to buy the dip.
MA Secondary Earnings BreakoutSimpler to look for a failed breakdown than it is to chase the breakout here. See AMZN and BABA charts for similar examples... I think they all hit on the same day due to Italy macro news.
Bearish engulfing on Daily May lead to retest of 184 earning b/oIF Friday closes below 201.16 I think there will be some follow thru on the downward movement
MA inside week in front of supply zone, too high to buy?Last year, at least 7 out of 10 stocks looked like this MasterCard weekly chart.
While it's a totally different concept compared to what the market happened.
With the Q1 market fluctuation, MA showed great relative strength to remain a intact weekly uptrend!
It solved the 1st thing-- I don't want to short the supply zone nor the inside week breakdown at all !
2nd question: how about the inside week breakout, is this too high to buy?
The hard part for this setup is that it can only get its 1st kick after it made new all time high.
Other than that, I actually like this long a lot!
Here we got 2 options:
1. wait for the weekly breakout and trade the intra-day bullish setup
2. trade the inside week and put the 1st kick at the supply zone @182.5, and execute careful risk-reward stop!
Let's see how it goes!
