MA trade ideas
MAJust speaking technically looks like setting up to fill mid-300s gap. Unsure of the consumer spend landscape with all the covid stuff so not sure about the fundamental mechanics about this moving up but someone is trying to price in increased consumer spend.
MA Analysis Weekly
V Bottom Extended
Bullish Momentum Rising
Ascending Triangle
Daily
Bullish Rectangle
Rejection of Dynamic Support
Bullish Hidden Divergence (Hist,CCI,MFI)
Increasing Volume
4hr
2 Long Wick Rejections of PivotPoint
Bullish Hidden Divergence (OBV)
Consolidation since 7/28
Higher Low Made
Posible rupturaGráfico claramente alcista. Presenta una bandera lateral, patrón de continuación.
MACD en compra, Parabolic SAR en compra. Oportunidad de ponerse largos.
Fundamentos firmes en esta compañía y sector para operar a largo plazo.
My Ascending triangle view on MAWaiting 4 the breakout of the upper flat line of the triangle
with earnings tomorrow - it might be delayed 4 next week?
Rectangle Breaking outEarnings are 7-30 BMO
Won't you be glad when earnings are over for a while? LOL Stressful!
Has fallen out of rising wedge
Anyway, I see a rectangle but MA is bitting through the upper trendline . Mid Rectangle is 296.5 which would make a good stop if you got in after the stock makes a clean break up and out of the rectangle whick looks to be in the process of doing
Rectangle top is 308 bottom is 285ish Mid Rectangle is 296.5 (ish)
Not a recommendation
Earnings coming up..be safe
MasterCard (Ma) BuyTHis can be seen as an earning play. Price is in an uptrend. There was a retracement to the 38.2 fib level, followed by some consolidation . Price range between the two red levels. Price then broke out and retested the upper range level which once acted as resistance but is now acting as support. The previous candle was a doji, which I think may be signaling a reversal. Im expecting price to meet resistance either at the trendline or the above supply zone.
MA trying to go higherThis one should break out in good market conditions.
IBD rating of 91, however RS Rating is a little weak at 73 (ideally 80+)
Long @306.99
MASTERCARD Next weeks !I advaise you to keep it in the portfolio it will rise to 373 USD in the next weeks
despite it will decline slightly in the next days
Good breakoutbought calls on this today sold half at gap fill above. Watch for the rest of the week and heading into ER. Has been consolidating forever.
There are some things money can't buy. .....There are some things money can't buy. For everything else, there's MasterCard.
Long to Gap Fill maybe?
Credit cards should really be called debit cards IMO :)
MASTERCARD Look for buys out of this correctionHi traders:
MA has a nice continuation structure forming.
We see price had a strong bull move up, and now forming continuation correction.
I would like to see price correctively move down once more and complete this channel structure and buy from the bottom.
Alternatively, price can break above, and form smaller correction to go up.
I am expecting that once price breaks out of this structure, there is high probability to hit the previous all time tops.
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MAHeld channel bottom nicely today. Good potential to move to channel top with upcoming earnings momentum
Mastercard $MA Mastercard is close to buying point of $310.43. Forming a double bottom, to confirm needs to get above the buy point.
12 months Consensus Price Target: $326.85
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