1MA trade ideas
MA: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
MA - Long Mastercard new catalyst with APPLMastercard (MA) is powering the new Apple (APPL) credit card along with Goldman Sachs (GS). This provides a short term news cycle catalyst and a long term new growth opportunity and partner for Goldman, but more importantly Mastercard. Once the news settles on the Apple event it will be clear the real winner is Mastercard who stands to only gain from the relationship. Millennials and younger generations with their strong affiliation for Apple should be drawn to the card and it's unique benefits.
Apple Mastercard
www.apple.com
MA has support levels at 224 and 211, and should continue upward throughout the year barring in major Macro news.
MA IS THE KEY WAVE 1 OR X HAS ENDED MARKET TOPPING NOW We have ended or just about to end the uptrend for the short term I now look for a decline back into into a .382 over the next 8 td days I amout and flat I also covered small short in wti net loss.06 of 1 % I am net short 20% qqq and will add 10 % 178.09
The Mastercard TradeAfter the latest apple credit card news, MA stock is going up, and probably won't stop just now. I'm opening a long trade ( trend following ) on this one even though or usually don't trade stocks, ( due to the liquidity i prefer fx) but this one seems to be a big one. Analysts are saying that this credit card trend could grow a lot, not only with apple, but with other great brands that have extremely loyal customers, and the main card provider? you got i, Mastercard! I mean you could also analyse Visa and compare it to Mastercard but, let's be honest, everyone has a mastercard, imagine if every apple purchase would pass through one.
Going long with 2.2 RR ratio, waiting for P SAR reversal point. SL under support and TP with RR placement
Be cautious chasing MA higherThis is a daily chart of Mastercard showing its impressive three year rally from $80 to current levels. The pattern is an undeniable Elliott Wave impulsive move higher, with an extended Wave 3 on strong momentum. After breaking out of its base channel in 2017, the stock put in a near parabolic rally (even on a log-scale chart) to its Wave 3 high around $225. Following the September 2018 high, MA corrected in three waves, finding support at the midpoint of the prior trend channel. With price now making new highs, it seems likely that the stock is in Wave 5. Therefore, we expect to see a topping pattern in coming months as momentum fades. The resulting sell-off should take MA back into and through the trend channel, ultimately finding some level of support at the Wave 4 low around $175.
This setup is notoriously difficult to time, as MA could continue to grind higher in Wave 5 for an extended period of time. However, if you're currently holding long positions, now may be a good time to start scaling out and taking profits. We're watching the 61.8% Fibonacci extension level of Waves 1 + 3 vs. Wave 5 as a potential area of resistance.
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. "