MA trade ideas
Invest in Amazon in the long runAmazon is a business of e-commerce American based in Seattle . It is one of the giants of the Web , grouped under the acronym GAFAM 5 , alongside Google , Apple , Facebook and Microsoft .
The initial activity of the Amazon company concerned the distance selling of books , before the company diversified into the sale of cultural products, then merchants. Today, some food products can also be ordered through Amazon.
Created by Jeff Bezos injuly 1994, the company went public on NASDAQ inMay 1997.
The French subsidiary of Amazon opened in 2000. In 2016, Amazon became the first non-food distributor in France in terms of turnover 6 .
In 2017, the company employed 541,900 people worldwide and established, in addition to the original American site, opened in 1995, specific sites in many countries.
SWING - SELL - $255-259 ENTRY - EXIT AT $243-245 entry between 38 - 61 fib. TECHNICAL - OVERBOUGHT - LINED UP FOR SELL OFF. lets fuckin goo
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.
