MA trade ideas
MASTERCARD INCORPORATEDNYSE:MA
Hey, traders.
I have a good candidate for long today.
What's on the chart:
1. The level formed by the gap.
2. The level is confirmed several times in August: touches, false breakout after which we don't roll back down.
3. The level is strong. We tried to take it on the 19th. Closed above level, but we couldn't get a hold of it. That tells us we have a strong short player.
4. In the last trading session, we broke through the level again and closed above it.
If today's daily bar opens above the level and closes above it as well, I will consider it a fixation and will look for an entry point in my trading strategy.
In any case, in order not to get an extra SLs, I will wait for a fixation above the level.
MA breakout from Bull FlagMA formed a bull flag and seem to have broken from it by creating a new high.
It has reached 1st Target and showing strength to reach 2nd target. Wait for close above first target. :)
Disclaimer: Not an advice to sell or buy!!
Update on MA (mastercard) BuyTake profit was smashed and price moved further than anticipated. Check the original analysis below.
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 :)
