Mastercard pulling back to valueMastercard is now pulling back to a key area of value. Fib, weekly 50/60 ema's, and key trendlines all come together in that spot.
MAST trade ideas
MA - Classic L-MLH test/retestAltough price was in a hurry, it failed to reach the centerline, broke below and now we see the textbook test.
Even a retest (a second one) is possible, bevor heading south.
...trend and flow is still up - not even a prior pivot low is broken...so I have to play it small when shorting the retest.
MasterCardThe Daily trend is in an Uptrend technically indicated by following:
• Price is currently trading above the uptrend trend-line.
• Higher tops and higher bottoms.
RSI:
• RSI is ABOVE the equilibrium level - 50 BUT with a bearish divergence.
Bearish Scenario:
With a break (daily close) below the support level S1 at 101.47, we will recommend SHORT POSITIONS for the no position holders on MasterCard. Take profit at 95.05 S3 and stop loss should be a bit above the 102.00, thus the stop loss is at 102.50 area.
For Short-holders we will recommend to HOLD their short positions and adopt the same stop loss and take profit orders as mentioned above.
Bullish Scenario:
While sentiment remains unclear, it is better for long position to wait for a break above the resistance area of 130.30 R1. Then long strategy will be with take profit at 105.50 R2 and stop loss a bit below the R1.
MA Bear Call Spread - 13-15% returnMaster Card has traded to what appears to be rolling back at same trend line as it has done several times in the past. Earnings didnt produce mush of a move. MA is definitely consolidating. I like the 98/99 BCS exp 8-19 for about 13-15% limit at this time. I wont even look at this trade unless MA closes about 97---
Inverse H&S + consolidation triangle breakoutMA looking good. It looks like it wants to break the consolidation triangle. There's also an inverse head and shoulders formation. If it will break the neckline, then I would really be bullish on it.
$MA getting ready for a breakoutRSI rising, banging on the trendline, closing above all 9, 20, and 50 dma's bodes well for a imminent breakout.
(D) MACD and RSI rolling upwards. OBV resistance testSupport near 95 and ema50 but magnetized to its P pivot. If bullish momo continuation, a pop back into the mild bullish channel before testing resistance of R1 pivot or 100. Obey your rules.
MA rolling over?The recent high with RSI divergence and a break of trend indicate a decent chance of moving lower
Mastercard Looking Soo BearishLooking Bearish at the moment soo many reasons to short
upper rejection
Wick Formation
Lower Channel
Moving Average Compression
Trend About To Change
Good entry for MastercardMA is currently oversold and at the bottom of a channel. It has been trading in this channel since early 2014. Additionally there is bullish divergence in between the Stoch RSI an current candle price. All factors indicate now would be a good place to buy Mastercard.
Mastercard reached it's wave 5 target, correction has startedMastercard seems to have completed a 5 waves rise since 2006. Therefore we are expecting a 3 waves process correction over the next few months or years starting with a wave A with a target around $79.
*Disclosure: I am short MA at the moment of this publication. This is only an idea and shouldn't be taken as an investment advice.
60 maWe are looking at an 60 minute I had to pick which one will not automatically erase after posting but the chart has a broad formation on the daily and then even a tighter broad formation on the 60 minute chart
( a side note: Do to Tradingview.com I would have to post two different time frames Example: If you take the 60 and change it to the Daily It’ll be wrong because I don’t know how to keep my lines on timeframes that I Or My 8 followers talk about. )
MA thoughts on MA Timmy S says "MA is top of channel" Good volume, good analysis pre earnings. Bullish trend.
Mastercard: Longs Are Favoured On This StockFriends,
This is the current situation of MA. I have already bought these shares. Looking for longer term upside target, still in waiting for consolidation to buckle up,
Now, if anyone on Tradingview can tell me the day I bought on, and the logic behind why I chose that day, i'll be very impressed.
NOTE: Price going above 93.00 is nice confirmation of a longer term, bullish confirmation.
Tom
