MAST trade ideas
MA looks forward to a twenty dollar moveMA is at the bottom of a double top trend and now it looks for a nice move
- The gravestone Doji at the bottom of the trend signifies a reversal
+ Where the Doji was the RSI was at its lowest which is another indicator of a reversal
- The fast moving MACD (5,35,5) line just crossed the signal line
- MA typically uses the midline of the pitchfork as a level of resistance
+ The midline + fibonacci extension estimate the resistance point would be around 378
+ The pitchfork estimates that MA would reach this point around September 22
MA very cheapAfter a nice peak on July this is now at discounted prices.
MA it is expected to increase earnings in the future.
Careful as its MA200 is still down, though.
$MA LONG #mastercard Check out the green lines on chart at rsi reversal and chart the same reversal
reversal confirmed now
disclaimer
channel break in daily chart here you can see the perfect level on chart targets stop loss
easily you can on a daily basis chart channel break heavy volume and previous 200dma
RectanglePrice below bottom trendline of the rectangle.
I did not think it would go there.
No recommendation and perhaps will pull back inside soon.
Down targets are mere calculations and things change and it could have hit support today. The only thing that never changes, is change (o:
MA Elliott wave countAfter making 5 wave price had correction look like abc flat, near resistance is 330 if it hold 330 may be price will bounce, otherwise it will continue bearish momentum
$MA Reversal candle yesterday #MasterCardwe had a reversal candle yesterday and today we will have green day and here!
disclaimer
MA Bouncing of the Anchored Monthly VWAP and calls flow bullish MA Bouncing of the Anchored Monthly VWAP and calls flow bullish. Very oversold
$MA - Falling wedge to 233ema daily, watch for breakout$MA - Falling wedge to 233ema daily, RSI bullish divergence , watch for breakout
MA bouncedMA with a textbook bounce off the trendline. If I had more buying power I'd be in on $365 8/20 calls. PT $368-$370 EOW.
MA Break Below Completed Trendline - Bearish MA has broken below its completed trendline
Expecting continuation down to nearest support
MA - looking for breakout of gap zonewatching for confirmation w/ short EMAs crossing long EMAs and bullish action above key levels (purple lines) to push out of the gap zone, first PT 390, 395, 401
Mastercard Possible reversalLONG 390-400 level. Depending on how the economy is looking it could break that level.
MasterCard Call!!!$400 call expiry 8-6. Credit card companies have been rewarded massively on good earnings and I don’t think MA will be any different. Looking for a price target of $409 on this one. Sitting above the 200 ma w a parabolic Sar showing as well as a macd divergence on the daily
MA ahead of earningsMA - Earnings 7/29 BMO. Looks very strong for a potential ATH breakout. Key level to break is the 393.30 and should easily test 401.50. V is also very similar and has earnings ahead of MA so we could see some sympathy movement ahead of MA’s actual earnings report. Both have great set ups for a breakout ahead of earnings and will keep them on watch for a short term swing this week.
MA long from 380, PT 400, 430.I think MA will hit 430 by mid/late August. Got 390 calls at 381 exp 8/20
