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MASTERCARD INCORPORATEDMM

MASTERCARD INCORPORATED

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MA trade ideas

Rectangle/Descending TrianglePrice barely broke the bottom trendline of both structures which share the same bottom trendline. 2 Candle shadows/tails broke the trendline and price has recovered and is back inside. Perhaps MA was saved by the rally! MA has been making lower highs which formed the descending triangle. The bottom trendline is flattish with multiple bottoms. This pattern and a Rectangle are both neutral patterns unless a trendline is broken with a trend in that direction. If price were to break the upper trendline of the triangle, there is the rectangle upper trendline to contend with. No recommendation//be safe
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by lauralea
Mastercard - Time to Prepare for Deep Correction up to 50%?Is there much left to squeeze out of the never ending bull run on Mastercard ? Fundamental indicators: for the long time Visa and Mastercard were undefeated corporate giants with unbelievable circa 40% profit margins and growing exponentially since 2008 crisis. Let's look at some factors, if any, that may break this trend Recession - warning macro signals suggest that world economies are slowing down and recession is possible within a year, this may be reflected in the forecast of the company Eastern Europe conflict - ban on use of Visa and Mastercard in Russia will certainly have an impact on earnings P/E - is quite high at 39x and possible correction may let some steam out of the overpriced stock Technically: Following the correction of 2020 which took a form of Running Flat (ABC, 3-3-5) it is very visible that the price is moving very choppy which usually suggests that there is not much energy left in the bull run and Ending Diagonal is developing The Ending Diagonal takes structure of 3-3-3-3-3 and the current proposed idea indicates that waves 1-4 have completed and wave C of 5 is about to begin to update the high of $402 What's next - given that the last correction was nearly 540 days, the next one will be even longer once the Diagonal is completed. The shape and depth will be clear during the development but it's likely for the price to test levels of 250 (0.382x Fibonacci retracement) or even $200 which is 0.5x. It will be clear what scenario is developing following the upcoming earnings report. Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. Thanks
NShort
by vitalalyt
4
RectangleTargets for a break to the upside in green over the resistance line and targets for a break to the downside in orange below the bottom support line. This pattern is neutral until a trendline is broken with a confirmed trend in that direction. There are patterns inside a rectangle that is large like this one that can be traded, but the rectangle is the primary pattern that I see. This rectangle has been going on for quite a while. There are patterns inside the rectangle including a small Bullish Butterfly. MA was unable to complete an entire upswing so far after hitting the potential reversal zone of 1.272 which was close to the support line of the rectangle. A Bullish Butterfly has a 2nd leg that retraces to the .786/or close/of XA and a final leg that completes at, or close to the 1.272 of XA. MA did make it to the 2nd peak so far which would be target 1 for many who trade this pattern. Short interest is low at 0.61%. Earnings are 4-28 BMO. Negative volume remains high on MA. No recommendation
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by lauralea
2
MA | GuidanceJournal Entry Bias: Positive. Sentiment: Optimistic. Emoji (emotion): Comprehensive 🧭. Null Hypothesis: Buy. Alternative Hypothesis: Sell. Signals: ... Position: Short term day trade. Notes: ... Barron's Company Overview: www.barrons.com Other: ... Tutorial: (Q/A) What exactly is the box labeled tolerance? The box labeled tolerance is a defined range of value & time that qualifies the right to exit the trade after a profit is made; as long as the security is inside the box and above the trade's entry one could say the profit is within tolerance, likewise if the security is outside the box either because of value or time one could say the profit is not within tolerance. It's a way to add parameters to the future outcome (as a means to grade the journal entry) while simultaneously providing leniency in the ability to achieve success with said journal entry. About the Security: "Mastercard, Inc. operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs. The company was founded in November 1966 and is headquartered in Purchase, NY." Social: I'm happy to hear from my readers/audience and I encourage constructive feedback; although I'm busy I will give my best effort to reply. I do strive to build an esteemed reputation and plentiful following, I also strive to earn the title as a Tradingview pinescript Wizard and Top Author. About the Author: I'm a financial scientist and my contributions offered to the community are apart of my scientific journal or goodwill to mankind. With that said I think it's prudent to make two things clear (1) I'm not a Wall Street retailer, I'm not trying to sell you products or services (2) I'm not a Wall Street advertiser, I'm not trying to market the purchase of securities to you. Disclaimer: My journal entry is not a complete prospectus, please consider it accordingly.
NLong
by UnknownUnicorn28743597
Rectangle/Double BottomEarning dates are conflicting depending where you look but appears to be between 4-28 and 5-3-22. Looking back, MA usually beats earnings but there have been a majority of earning misses (27) to earning beats (7) among analysts who cover this security. Zack states it is a Hold. www.zacks.com A rectangle is a horizontal trading channel and is neutral until a trendline is broken with a trend in that direction. Some swing trade inside the channel. Targets above the rectangle in green are targets for an Up break and orange are targets for a break to the downside. There is a double bottom on the support trendline. The 50 is trying to cross down through the 200 but has not done so yet. Today's candle, so far, is a spinning top which is a candle of indecision. This candle may change by close. No recommendation.
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by lauralea
Conclusions on the current context on MAToday, we will look at Master Card, a key name in the information & technology sector, with a market cap of 375B. As a comparative thing, VISA has a market cap of 484B So, what are the main technical elements we can observe here? 1) The price has been inside a massive daily correction of 275 days, and a few weeks ago, we observed the breakout of it. 2) Now, we can observe a clear "throwback" (name to define the retest movement after a breakout on a bullish trend) that has been developing on the last 15 days One of the fundamental aspects of the way we trade is understanding the current context and comparing it with historical data (that's why I love using the logarithmic chart) As you can see, this is not the first time we have observed a correction of this size, and this has been a common behavior since 2007. What's my conclusion on this? Take all those corrections I have shown you in the Log chart, and check this concept "Drawing the corrections in the same way I'm doing it on the main chart of this post" after we have the breakout and the throwback, on average, trading on a new high its a great level to get exposure to a possible bullish movement. Of course, this is not working in all of them, but I can see an edge that I need to polish a little more before defining my final setup. (For this basic test I conducted, I placed stop losses below the throwback) What if this keeps falling? Then you don't trade What happens if you trade this and it's a stop loss? That's always a chance, to be precise, 50% of the time that happens to me, so make sure you control your risk (The general concept is 1% risk per setup) and only trade if your risk to reward ratio is equal to or higher than 1.8 Thanks for reading; I hope this was useful, and feel free to share your view and chart in the comments! Thanks.
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by ThinkingAntsOk
6