M4I trade ideas
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
MA - 253.5 is the key level, below that looks uglyMA - 253.5 is the key level, below that looks ugly
MA in troubled skiesStory
March Retail sales surprise was -0.7% as they fell by 8.7%, that the largest drop going back 28 years. Manufacturing anther data does paint a pretty picture too. Low retail-sales activity is bad for companies that make their money based on consumer spending (transactions).
Mastercard, Visa, Amex and Discover all get a percentage cut (a small one) from the payments they process (Swipe fees) so lower spending can hurt their revenue.
Expectation
MA's Earnings on 29 Apr may not matter as much, if the market remain's in turmoil.
I am aim for 236 as Target
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I am so not a pro but a student of the financial markets. any feedback is welcome
Possible movement for MastercardInside a triangle, Mastercar might reach a support zone and then start an uptrend.
MA updateSetup working just as planned. Opened today above demand, quick dip down to demand, then a nice rally for 10+ points! Possible little pullback around 273 to watch for next potential entry.
MAI like the retrace into demand with MA here and think we can head higher and push towards 290+. I think this current demand zone will hold and provide a good base for it to rally. Not much supply after the initial supply zone that was tested today (well there is some).
I’ll watch for a move back up into supply and if we can clear today’s high, don’t think there should be any issues going right up to 290 - 300.
Mastercard lets fill this GAP!Mastercard intraday chart, not looking for much movement just thought the pattern looked cool. Can see three clear descending paths along the Gann fan (including my fractal) Lets see how this plays out :)
Great time to short MA After Monday's historic fall came to a quick bounce, but it was not strong enough to break the trend that started 04. Mar 20.
The 50 days EMA predicts any more fall.
The reason is the fear of COVID-19 and it impacts on the economy.
MA good buyAlthough the value of their assets has stayed largely the same, MA's stock price took a massive hit last week. TP of 340-80.
Mastercard trading thoughtsMA are currently hovering between reaction and rally, and could go either way. If the price heads up above 320, then the uptrend that ended on 19/2/20 at 344 could be resumed. If it falls below 280, then a downtrend will begin. Although there may be support around 270 (based on the prices between Sept and Oct last year), I will watch to see if this is in danger. If it is, then 220 could be next - over a three month period. Of the two scenarios, I consider this more likely in the current environment. My preferred trades would be a long put 3 months out with a strike around 250 or a debit put spread close to the money, same expiry.
MA- Long but waiting for entry at $320-325Overall trend looks good. Stop loss will be a close below 314
Patience pays off after thirty years....How many can wait for a golden opportunity for a solid 30 years ? We are talking about Mastercard who has finally gained approval for a joint venture in clearing business with China's central bank. Read here .
While this is a B2B business tie-up, I believe Mastercard once gained entry to the China market would then be tapping the retail market. Perhaps, not its credit card but on its powerful payment network.
Like the S&P500, it enjoys a very nice bullish trend and one would have made more than 2500% returns if he holds this share since 2009.
Wait for the pull back and find a good opportunity to buy this great company.
MA | 15Min | scalp CALL on watchlistMastercard caught my eye as a potential move up. After hours paints a bull indicator and RSI and MACD are up trending.
Credit Card Companies Correlation w/ Consumer CreditVideo is just few minutes but here is a link to the FRED data set
fred.stlouisfed.org
Manage your own risk
Much love and thanks for watching
xoxo
snooop
Mastercard Set to Perform Very WellOn opening I believe the stock price will increase significantly.
Buying medium term with MAMy strategy is to combine several techniques at once:
+ Price channel and trend line: help me identify the direction of the price,
+ Supply - demand: help me identify the reversal position,
+ Elliott wave: help me determine the cycle of price,
+ Candlestick pattern and price action: Help me correct the position to the order.
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