$MA LONG MA is a great example of a strong stock. trending nice in this pattern, we are in a short term call position and will start unloading at 220 and then at previous high.
MACL trade ideas
This is what tax cuts and buy backs look like.This is what tax cuts and buy backs look like.
"Return of Capital to Shareholders
For the full year of 2018, Mastercard repurchased approximately 26.2 million shares at a cost of $4.9 billion and
paid $1.0 billion in dividends. "
"During the fourth quarter of 2018, Mastercard repurchased approximately 4.4 million shares at a cost of $888
million and paid $259 million in dividends. Quarter-to-date through January 30, the company repurchased an
additional 4.0 millionshares at a cost of$773 million, which leaves $6.0 billionremaining undercurrent repurchase
program authorizations. "
MA Approaching First Resistance, Potential Drop! MA is approaching our first resistance at 205.38 (horizontal swing high resistance (Horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 193.51 (horizontal overlap support, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching our resistance where we might see a potential drop in price.
MA: Expanding triangle formation with MACD divergenceWith every slowing economy comes the surge in credit cards charge-offs and MA is one of the most richly valued companies which I have looked at. Price action has been knocking around a bearish expanding triangle and held in check by the 240M 200-periods moving average with a negative MACD divergence. Not sure if I am early to the punch but downside potential is around the $1600 region which implies -c.17% downside.
MasterCard will slip off..3rd Head and Shoulders forming for MA and will surely come down hard to 180 target and might retest lows of 175s again. Credit section will fall this year and looking at financial banks to be caught on the slowdown since the economy will plateau and cause panic for financial markets. Next on my list is JPM and V stay tuned!
Short term BearishMomentum is slowing down.
Downtrend is healthy
Forming LL, LH, LL, LH
Short term Bearish.
I may open Bull Put Credit Spreads by the end of trading day tomorrow.
DTE = 45 days
Good luck to you.
WindowThe price is just going to close the window at around 203. If this would fail or when this will be done the trend shall continue.
MA has been oversoldMy quant model predicts
Profitability: it has a high probability(80%) to rebound at this level.
Worst Case: it could drop to $171.49
Money Management: Bet no more than 20% of capital
Suggested Strategy: long stock for 5 Days, wait and exit
Mastercard shares offer a buying opportunityMA shares have been a fabulous growth story for years. The sales, EPS, & div growth have been top notch and this pullback can be a great entry for a long-term outperformer.
MA Long on Short-TermBuy Limit 208.00
Stop Loss 198.00
Doji star with 2 gaps is formed at support line. It just reached 0.618 Fib retracement level.
Many NASDAQ stocks have similar formations, which means that the market is turning uptrend
S&P500, DJI and NASDAQ are at important support level.
RSI went down too quickly. It means an imminent up in price.
I will give a sell indication later.
Stay tuned for update
MA shows bullish trading activityMA shares broke out to new highs on big volumes. This trend should continue.
