MA trade ideas
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
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.
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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