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4MA trade ideas

Mastercard still on a mid-term up trend towards 365-369 levelsBased on overall market sell off, MA has been going down but has support levels around 318-320 and next one down around 290-295 range (which is where previously it bounced off before it took off to mid 360s). I still think in the mid-term, barring any overall macro economic bad news etc it should keep going up. Also last week was a tech stock sell off. There was no reason to drag master card with it. Even if economy recovers, people will continue to use services of MA.
NYSE:MALong
by srikanth82
1
MA - Long MasterCard saw a significant blow to its share price along with many other tech-focused stocks following global lockdowns at the start of the outbreak. Before the outbreak, I saw the potential for a TP of 360 for MA fueled by the company beginning operations in China, which only a select few providers have been allowed to do. MA has rallied significantly from its mid 200 lows when I originally took my position, however, although there may be a short term pullback following its rally I see it reaching 380-400 comfortably as economies start to reopen and people start spending once again.
NYSE:MALong
by Michael_McMillan99
MASTERCARD INCORPORATEDNYSE:MA Hey, traders. I have a good candidate for long today. What's on the chart: 1. The level formed by the gap. 2. The level is confirmed several times in August: touches, false breakout after which we don't roll back down. 3. The level is strong. We tried to take it on the 19th. Closed above level, but we couldn't get a hold of it. That tells us we have a strong short player. 4. In the last trading session, we broke through the level again and closed above it. If today's daily bar opens above the level and closes above it as well, I will consider it a fixation and will look for an entry point in my trading strategy. In any case, in order not to get an extra SLs, I will wait for a fixation above the level.
NYSE:MALong
by AllexMl