Mastercard Inc (MA) – [ Still In A Range? ]

26th October, 2021, 7:54 PM

Mastercard Inc (MA) – [ Still In A Range? ]Mastercard 26th Oct 2021

Chart Source: Poems2.0 26th Oct 2021

Mastercard  Inc (MA) has in a consolidation for about 2 months already. From a pullback, it went into a consolidation and is now at the upper band of the conso. Mastercard has to stay above $361 in order to have a nice clean break. If not it might pullback once again. A bullish sign was spotted just three days back when we saw a nice hammer candle with the 50ema helping to hold it. It managed to stay above the 50ema at closing which is a good sign for us. It has also broke above the downtrend resistance line which is another positive sign.

Looking either for a breakout or pullback to support levels at 352 before any entry. Upside resistance drawn on the chart at around $369, 375 and $383.

Yours

Humbly

Kelwin&Roy

MasterCard (MA) – [ Watching For A Breakout! ]

28th April, 2021, 6:53 PM

MasterCard (MA) – [ Watching For A Breakout! ]

Mastercard 28th April 2021

Chart Source: Tradingview.com

Mastercard (MA) should be no stranger to all, as most of would probably have a visa or Mastercard.

It is currently on a nice uptrend, sitting above its moving averages and have been trying to breakout from its $390 level. It did try to break that $390 on Monday night failed to have a convincing break and pulled back towards the end closing lower than the breakout point.  The good thing is that it didn’t trade lower but continue to hover at $390. If Mastercard can finally break through this level  we might see more positive movement towards $400 then $420.

The support is around the uptrend line of $380.

Yours

Humbly

Kelwin&Roy