Mastercard Came Into Today Up 1.16%

The Daily View for Mastercard

  • At the time of this writing, MA’s price is up $1.29 (0.36%) from the day prior.
  • Mastercard has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • Of note is that the 20 and 200 day changed directions on MA; they are now pointing up. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Mastercard’s hourly price chart is shown below.

MA

The Daily View for Mastercard

  • At the time of this writing, MA’s price is up $4.14 (1.16%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of Mastercard.

MA

Featured Mastercard Idea From TradingView

Below is a trading comment entitled Wave (c) Supercycle begins you may find interesting:

This analysis is consistent with the analysis https://www.tradingview.com/chart/BLX/XslubhrJ-THE-BEAR-MARKET-CONTINUES-PART-X/We are currently probably in the first sub wave of the first wave of the cycle.On the chart we see the breakthrough of the trend line, which connects the low from 11 December and 27 January. We also s…

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