$MALooks bullish very short-term for Fib ret. to test 50% fib & pssbly the 61.8% Fib levels & then bearish & back lower to test the intermediate trendline around 67 level
MA trade ideas
Mastercard - simple ideeaLike the chart I posted earlier on 3M, theres nothing much to say here.
Look at the green lines. Previous resistance levels become support after a short rally. The same case today, we had a retest of the previous resistance, hammer and lets see what will happen today. Final target should be over the resistance level, unless we see some bearish action there. I didn't check the fib extensions cause there are only 5 minutes left till market open, there might be some symetry there. 34EMA provides excelent support.
If there's no ugly gap down, long on market open
$MALooks bearish here on the short-term as it has had 3 down days in a row and is touching the upward trendline.......if it b/o of the upward trendline w/ vol. then tgt.#1=815 & tgt.2=781
Always short the weakest in the group.MA is forming a bearish rising wedge. But COF looks like the better short.
Long Signal - Bullish Trend line Bounce Long Signal - Bullish Trend line Bounce Probably to late to take action. Earnings announcement this week
MA - Am I crazy to short this beast. Price went above the trend-line and used it as support for a week after major trend-line breakout. Now this bullish stock is experiencing long exhaustion. Nice big red candle and price going below the trend-line.
I was short early on this stock because I wanted to anticipate the next move after breakout, so went short when saw the first red candle above the trend-line. Now the price is finally coming down.
MA reverse from 161% and uptrend MA reverse from 161% and uptrend .. we will suggest selling the stock toward 656 and the best place to sell near 675 , the main target is 640 soon
Mastercard at Astronomical LevelsPossible mean reversion play in Mastercard. At the top end of its Linear Regression channel and Bollinger Bands. Also Extremely overbought. Could test the $655 - $660 range before another move up.
MA - Watch out Trendline - Still more upside price action due.Trendline - Still more possible upside price action due.
MA Head and Shoulders/Bullish SharkMA and V have been in a monster uptrend since 2010. So shorting isn't exacting for the faint of heart. Especially after today when you see it get solid volume and close above the 10 EMA. But if risk is your thing then I would suggest this. We appear to be in a AB=CD pattern short term. Which if that plays out we will break the neckline on what appears to be a head and shoulders pattern. Intermediate term I see a bullish shark which would carry us lower to the levels projected. I will say that shorting this isn't for the faint of heart, because of the strong uptrend. But when you see strong uptrends break, they really break.
Shorting opportunity not far from hereBe patient and get your gun ready if price pushes towards 521 area for a possible 20 pnts gain downside. Let the trade come to you, and don't chase over extended price. If you decide to short right 521 area make your stop lose at 127% 535 area with target price $500. Join us www.woowtrading.net
