MASTERCARD short-term weakness is a buy opportunity. Target $515Mastercard (MA) gave us an excellent sell signal on our last call (April 02, see chart below), reaching our exact Target ($440.00) before turning sideways and reach this way a Higher Low:
That Higher Low was a bottom on the 2-year Channel Up pattern that has been dominating the long-term price action of the stock. As you can see it hit the 1D MA200 (orange trend-line) and the 0.382 Fibonacci retracement level and has rebounded since, which is similar to the March 16 2023 Low.
The similarities are evident on this chart between the Bullish and Bearish Legs of the Channel Up and the Sine Waves help at giving us a sense of Highs and Lows. The 1D RSI sequences between the two main fractals are also similar and this shows that probably we are at a similar symmetrical level as on July 14 2023.
As a result, we expect a short-term pull-back towards the 1D MA50 (blue trend-line) and then final rally towards the elections for a Higher High around $515.00, which will be just below the -0.236 Fibonacci extension (similar to the September 14 2023 High). Then we expect the stock to yet again seek the bottom of the Channel Up near the 1W MA100 (red trend-line) at $460.00.
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Mastercardsignals
MASTERCARD Short-term pull-back has begunLast time (August 23 2023, see chart below) we looked at Mastercard (MA) the 1D MA50 (blue trend-line) gave us a solid buy opportunity, which easily hit our 415.00 Target:
The price is now starting to pull-back after marginally breaking the top (Higher Highs trend-line) of the 1.5 year Channel Up (blue). It already broke below the medium-term (dotted) Channel Up and is headed towards the 1D MA50 (blue trend-line).
With the 1D RSI already on Lower Highs (i.e. a Bearish Divergence against the stock's Higher Highs), we believe this is an early Sell Signal on the short-term. The March 13 2023 Target was the 0.382 Fibonacci retracement level, so we are currently aiming for $440.00.
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MASTERCARD On a buy signalIt's been too long since we last looked into a Mastercard Inc (MA) trade, with last time though (see chart below) providing a good pull-back buy opportunity:
This time the price is on a 1D MA50 (blue trend-line) rebound, in fact a Double Bottom rebound if we count the August 03 Low. With the 1D MACD about to give the ultimate buy confirmation on the Bullish Cross (you can buy after it is formed), we are bullish, targeting 415 (completes a +16.00% rise).
The long-term pattern is a Channel Up since the March 16 Low. Any closing above it, brings the upper Fibonacci levels in focus as potential targets.
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Mastercard a long term opportunityMastercard Inc NYSE:MA
- Historically cycles are between 34 - 40 months
- Now on month 40 of a decline/consolidation cycle
- New cycle into bull phase highly probable
- Above 10 month, 200 week & 200 day SMA
- Recently had lowest oversold RSI level ever!
- Monthly MACD Cross
In addition to the above points, a number of bullish parameters are lining up on the chart.
On the daily and the weekly we breaking out of a parallel channel. We are testing the upper resistance of the parallel channel for the 5th time and appear to be breaking through. Parallel channels have one of thee best records in terms of trading pattern success rates.
The RSI was at its most oversold level ever in Sept 2022 and this may have acted as a spring to help propel price with enough momentum to breach through the overhead resistance.
In summary, the cycles suggest we are about to move into a bull market with the aid of a price spring from significantly oversold levels. We are breaking out of a parallel channel and have the 10 month, 200 week and 200 day SMA's under price as support and they are all sloping upwards.
The parallel channel target provides +41% return (see chart). I have also shown were a 100% return would fall on the chart. If we were to reach the top of the channel within the typical 40 month cycle by Sept 2026 we could see a 200% return in what is a very well entrenched and established stock/company.
NYSE:MA is highly established entity as the 20th largest company in the world by market cap at $372bln. A 2x in market cap would make it a $1 trillion company (how likely this is I don't know). Mastercard pay a very small $0.57 dividend each quarter per share ($2.83 annualized). Its less than a percent in dividend yield but its something else to factor in.
KEY DATE: Earnings report on 27th July 2022 (no negative earnings report since 2020).
MA are you rdy for short ?🧨🧨👌The master card company is the leader of the financial fraudsters
What we are seeing in the Mastercard trend is an upward trend, because when more money is printed and economies go towards destruction, at first glance, we can see that the shares of banking companies will grow, but let me listen to my friends. It has and should be prepared for the fact that MasterCard shares will fall badly. Although this company wants to resist, you cannot fight with numbers. This number you see is just a bubble that will burst soon.
The future targets of MasterCard shares are $341.31, the next target is $316.71, and the third target is $279.19, which should be seen and will be seen.
MASTERCARD About to break into long-term bullish territoryMastercard Inc (MA) is rebounding again back towards the top of its +1 year Channel Down pattern after the December 02 rejection on the 262.000 Resistance, which happened to be also at the top (Lower Highs trend-line) of the Channel.
If the price breaks above, that alone would be a major bullish break-out signal for the long-term but ideally we would like to see a cross above the (red) Resistance Zone for confirmation. Beyond that, the upside targets are the 382.00 April 28 High and 400.00 February 02 High.
If on the other hand the 1D MA50 (blue trend-line) breaks first, we expect a pull-back to the (green) Support Zone (around 305.00) before the uptrend is resumed.
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