MA trade ideas
Mastercard Always Drops When This HappensMastercard has been in a bull trend since 2013. On five occasions through this bull, three of the technical indicators discussed below are at the same or higher levels than they are now. I have laid out the reasons and levels to which the stock may dip while it most likely continues its overall bull trend.
When we look at technical indicators, the relative strength index (RSI) is at 76.2216. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. Currently the RSI is oversold.
The positive vortex indicator (VI) is at 1.3193 and the negative is at 0.5613. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The positive and negative values are currently at extreme levels which the stock always retreats.
The stochastic oscillator K value is 95.5822 and D value is 96.0369. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The stochastic is currently overbought. The D value just crossed above the K value meaning the stock is most likely beginning its descent.
Since the current long-term bull began in 2013, there have been five times when the RSI and the positive VI were at or above their current close while the stochastic was also overbought. These occasions led to a drop in the stock. The median drop occurs over 10 trading days and results in a 5.97% loss. The minimum drop on these occasions was 3.19%.
Considering the RSI, TSI, VI and stochastic levels, the overall direction favors a move to the downside. Based on historical movement compared to current levels and the current position, the fund could drop at least 3% over the next 25 trading days if not sooner.
MA Simple setupHere is a simple setup made up of a single Support line and an up trend line. Also, you can see that MA is making a new high, so we might have a long opportunity here. but if you zoom in on the chart, there are more bearish candles. I am not doing anything yet to make sure that the stock does not go into a downtrend.
Trade with care!
MasterCard Earnings Today 5/2/17Per 1 day MA chart, all appears to be going bears for rest of week. PA is at all time highs & RSI indicator is overbought too. Will be looking selling put options to take advantage of premium and drop in price. Good Luck in trading.
Mastercard not showing good swing strengthThis latest downward channel on dropping volume for the last week has caused me to cut my trailing stop on MA by half. It is currently bouncing with lower lows each day. If it takes a turn for a new low at 109 I'm OUT, but if it makes a move to round up to 110 one more time I'll stay.
Mastercard pulling back to valueMastercard is now pulling back to a key area of value. Fib, weekly 50/60 ema's, and key trendlines all come together in that spot.
MA - Classic L-MLH test/retestAltough price was in a hurry, it failed to reach the centerline, broke below and now we see the textbook test.
Even a retest (a second one) is possible, bevor heading south.
...trend and flow is still up - not even a prior pivot low is broken...so I have to play it small when shorting the retest.
MasterCardThe Daily trend is in an Uptrend technically indicated by following:
• Price is currently trading above the uptrend trend-line.
• Higher tops and higher bottoms.
RSI:
• RSI is ABOVE the equilibrium level - 50 BUT with a bearish divergence.
Bearish Scenario:
With a break (daily close) below the support level S1 at 101.47, we will recommend SHORT POSITIONS for the no position holders on MasterCard. Take profit at 95.05 S3 and stop loss should be a bit above the 102.00, thus the stop loss is at 102.50 area.
For Short-holders we will recommend to HOLD their short positions and adopt the same stop loss and take profit orders as mentioned above.
Bullish Scenario:
While sentiment remains unclear, it is better for long position to wait for a break above the resistance area of 130.30 R1. Then long strategy will be with take profit at 105.50 R2 and stop loss a bit below the R1.
MA Bear Call Spread - 13-15% returnMaster Card has traded to what appears to be rolling back at same trend line as it has done several times in the past. Earnings didnt produce mush of a move. MA is definitely consolidating. I like the 98/99 BCS exp 8-19 for about 13-15% limit at this time. I wont even look at this trade unless MA closes about 97---
Inverse H&S + consolidation triangle breakoutMA looking good. It looks like it wants to break the consolidation triangle. There's also an inverse head and shoulders formation. If it will break the neckline, then I would really be bullish on it.
$MA getting ready for a breakoutRSI rising, banging on the trendline, closing above all 9, 20, and 50 dma's bodes well for a imminent breakout.
(D) MACD and RSI rolling upwards. OBV resistance testSupport near 95 and ema50 but magnetized to its P pivot. If bullish momo continuation, a pop back into the mild bullish channel before testing resistance of R1 pivot or 100. Obey your rules.
MA rolling over?The recent high with RSI divergence and a break of trend indicate a decent chance of moving lower
Mastercard Looking Soo BearishLooking Bearish at the moment soo many reasons to short
upper rejection
Wick Formation
Lower Channel
Moving Average Compression
Trend About To Change
