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Mastercard IncorporatedMastercard IncorporatedMastercard Incorporated

Mastercard Incorporated

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Mastercard: Price continues to fallBearish price trend continues after 3rd quarter earning targets was missed due to lower travel-related spending during the summer months. From a technical standpoint, the price gap brings us to the previous strong resistance zone of $280-283. Important points to highlight here: - Price reacted strongly by 'gapping' past the 0.382 Fib level from $316 to 301 - This zone is now a strong support price zone. - This zone has confluence with the 0.5 Fibonacci level It is very likely that this support will hold with prices interacting with / consolidating around, the zone before either: - reversing back up (very likely going by how strong this level has been in the past), AND - move up to close the price gap of $316 to 301, or - break through support level ($280 - 283) and head further towards the next logical support level of around $260-263, which also confluence with the 0.618 Fib level. This bearish sentiment is supported by MACD, which is now in the bearish territory. My view are as follows: 1. For those who are yet in any position, to wait for a clear market direction (from $280-283 price level) following the sell-off precipitated by investor disappointment with the missed 3rd quarter earning targets. You might be able to BUY in cheaper between $263 and 283 2. For those who already have a position in Mastercard at higher price level, this is a good opportunity to Dollar Cost Average at the $280 - 283 level. If price falls further you have another opportunity to DCA further at the next support level of $260 - 263.
NYSE:MALong
by aderoy
MA (MASTERCARD INCORPORATED) LONG SET UP (EARNINGS)TITLE/(DATE)- Buy LIMIT MA ASSET- MA PLATFORM- MT4 ORDER TYPE- Market first entry / Buy limit second Time Frame- 1D ENTRY PRICE 1- $314.50 (Market) ENTRY 2- $307.50 (Pending) STOP LOSS- $300.50 (140 PIPs) TAKE PROFIT 1- $328.50 (140 PIPS) TAKE PROFIT 2- $342.50 (280PIPS) TAKE PROFIT 3- $356.50 (420 PIPS) TAKE PROFIT 4- $370.50 (560 PIPS) STATUS: ACTIVE Aug-27-20 Initiated Mizuho Buy $400 Jul-21-20 Resumed Daiwa Securities Neutral $314 Jul-14-20 Initiated Goldman Buy $364
NYSE:MALong
by MavRich_Trading
1
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NYSE:MA
by UN1TED
Cup and HandleLong when chart chills out Has broken bottom trend line of bearish rising wedge Long term uptrend NV is high Short interest is low C&H patterns are only valid over long entry level A Narrowing rising wedge is a technical pattern, suggesting a reversal pattern frequently seen at the top. This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex. Using two trendlines – one for drawing across two or more pivot highs and one connecting two or more pivot lows. The 2 upsloping lines are in the same direction of the trend Unlike a triangle, both trend lines slope upwards in the same direction. It represesnts too much buying without healthy pull backs, or irrational exuberance. Rising wedges are longer term patterns that flags or pennants and go on for at least 3 weeks, months or longer. A stock can break up from a RW, but the break up is often weak and short lived. It is ok to trade stocks in a RW, as they can travel up for a very long time inside of one. Personally, I avoid them. Just keep an eye on the bottom trend line of the Rising Wedge pattern Rising wedges can cause a shortage of buyers when the stock pulls back, because too many buyers on way up, so no one left on way down. Pull back can be deep. A strong stock will not fall as far as a weaker stock as a rule. It is an example of supply and demand. Characterized by negative touches to the bottom trend line A falling wedge, often found in a down trend is very similar, but both trend lines slope down in the direction of the trend which is down A FW can also signal a reversal in trend, but is often bullish. Not a recommendation
NYSE:MALong
by lauralea
2