MA trade ideas
Mastercard: Another Triangle in Big TechSometimes people forget that the credit-card companies are members of the technology sector, but they are. We’ve already covered the bullish triangles in other tech names like Microsoft and Salesforce.com . And now Mastercard is showing a similar pattern.
MA has faced resistance around $282, which closely matches its 200-day simple moving average (SMA). Meanwhile it’s made steadily higher lows, forming an almost perfect ascending triangle.
The other interesting thing about MA is that it’s so clearly tied to consumer spending and the economy. That could make it a logical go-to stock for institutional investors as the coronavirus lockdowns end. It’s also a liquid options underlier, averaging more than 30,000 options contracts per session.
Looking at the weekly chart, we see MA has formed two inside weeks in a row. Combined with the April monthly high and the 200-day SMA, there’s a lot of importance in the $282-285 area. This creates the potential for buyers to get more active if it starts to break through this zone.
This is one to watch as the global economy reopens.
MA squeezema 30min and 60min squeeze . here is one day chart with potential to break higher out of rising wedge
MAMaster Card
Potential Profit: ~10.50% based on Resistance level of $313.60
Potential Profit 2: ~22.5% based on resistance of $346(All time high)
Support Level: SMA line or $263.76
To be safe and to increase better point of entry look for a break above $282.51 or a bounce off the SMA line.
RSI: Tends to bounce around ~41 on the 1 Month.
Sell Off occurred due to the pandemic and the oil sell off. Fundamentally, I see this equity going back to all time high unless a new wave of surprising bad news comes in.
MA NEXT DAYS/WEEKS ANALYSIS - Counter thrend-next breakoutDAILY CHART
As ween can see in the daily chart , the Mastercard stock until the end of March was in a strong downtrend. Around end of March it has a double bottom (As Visa stock) and then began a new uptrend. We can say it is going for uptrend cause the Lower High around $260 was broken,and now as we can see the price is retesting that previous resistance that now is a new support.
We saw the price retrace at 0.618 fib level and now, it was consolidating for some period and after breaking the descending channel it went around 280$ and formed a double top (?) .
Scenarios
Maybe the price will retrace a little bit to test some previous supports and bounces back to retrace higher possible in the 1,27 or 1.618 fib extencion level that also around there is a strong resistance from previous months at around 320$.
This is just my opinion not a financial or trading advice.
MASTERCARD D1Master Card's stocks plummeted like all stock market assets. Given the fact that many shops and establishments were closed, mastercard cards were rarely used. Their main purpose was purchases through the Internet, grocery stores and pharmacies. Low business activity has led to the fact that the turnover on cards at times reduced the previous volumes. Now quarantine restrictions in many countries are beginning to partially remove, and online shopping activity is also growing. Amazon is a prime example of this fact. The banking system also begins its activity. MasterCard shares have good upside potential.
Mastercard: A Technical Approach 1D (May 06)X Force Global Analysis:
In this analysis, we take a purely technical approach in analyzing Mastercard (MA)
Analysis
- The first thing we notice is the fact that Mastercard is in the process of a "V" shape recovery, just as many other blue chip stocks
- We have broken through and closed above two major descending trend line resistances
- There is a price gap around $340
- We are currently trading within an ascending channel, creating higher lows and higher highs
- Prices have broken through and closed above the Ichimoku Cloud resistance
- The EMA (Exponential Moving Average) Ribbon cross generally signals mid-term trend reversals
- In the case of Mastercard, we see that a death cross has formed on the EMA ribbon before a big drop, and we are currently looking at a potential golden cross
- The Relative Strength Index (RSI) is showing an uptrend as well, creating higher lows and higher highs
- The Moving Average Convergence Divergence (MACD) is also at an uptrend, forming higher lows and higher highs after a golden cross
What We Believe
We believe that Mastercard's technicals remain solid, as we have broken through many significant resistance levels while maintaining the bullish trend. Moreover, there is a lot of strength and momentum to support this ongoing bullish trend, potentially moving up to fill in the price gap around $340.
Trade Safe.
MA breaking out of ascending triangleTrade #2 of this month
MACD reversed to green for a week - checked
EMA crossover above MA - checked
Price closed above EMA10 - checked
1 more week to accumulate more until approaching the tipping point of the triangle. Still not too late to get on the roller coaster!
This looks ready to move higherReversal on 4 hr chart, strong support from daily 20sma and trendline to use as SL, will be looking to enter calls tomorrow
Invest in Amazon in the long runAmazon is a business of e-commerce American based in Seattle . It is one of the giants of the Web , grouped under the acronym GAFAM 5 , alongside Google , Apple , Facebook and Microsoft .
The initial activity of the Amazon company concerned the distance selling of books , before the company diversified into the sale of cultural products, then merchants. Today, some food products can also be ordered through Amazon.
Created by Jeff Bezos injuly 1994, the company went public on NASDAQ inMay 1997.
The French subsidiary of Amazon opened in 2000. In 2016, Amazon became the first non-food distributor in France in terms of turnover 6 .
In 2017, the company employed 541,900 people worldwide and established, in addition to the original American site, opened in 1995, specific sites in many countries.
SWING - SELL - $255-259 ENTRY - EXIT AT $243-245 entry between 38 - 61 fib. TECHNICAL - OVERBOUGHT - LINED UP FOR SELL OFF. lets fuckin goo
MASTERCARD (MA) BEARISH FORECAST
after a bullish breakout of the key weekly/daily level,
it looks like bears are still willing to push and the breakout might turn to be false.
look at this triple top pattern on 1h with two lower highs,
then break out of minor support and retest with a bearish reaction...
looks like stock will drop lower.
initial target is 230!
good luck!
MASTERCARD - LONG with DISCOUNT!Hello traders,
I am going to analyze the Mastercard market ( NYSE:MA ), where I entered trade yesterday.
My intended entry point was too far from the zone, so I had to w8 for a pullback.
That happened yesterday and we could enter the trade with a DISCOUNT.
Sometimes setup is very good, but Price Action does not allow to enter the trade. Never mind, we have another 2000 markets that we monitor, so there is always some entry ;).
Have a good trading
FINEIGHT team
