Mastercard May Be Offering a Trading Opportunity With Its Cross Above Its 200 Moving Average

The Hourly View for Mastercard

  • At the time of this writing, MA’s price is down $-0.93 (-0.26%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as Mastercard has now gone down 4 of the past 5 hours.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
  • Of note is that the 20 hour changed directions on MA; it is now pointing down. The moving averages on the hourly 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.

Mastercard’s hourly price chart is shown below.

MA

The Daily View for Mastercard

  • At the moment, MA’s price is down $-3.41 (-0.94%) from the day prior.
  • Mastercard has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 200 day moving average, resulting in them so that price is now turning below it. 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.

Below is a daily price chart of Mastercard.

MA

Featured Mastercard Idea From TradingView

Below is a trading comment entitled Visa Is Starting to Rise Up ! you may find interesting:

Hello everyone, as we all know the market action discounts everything 🙂 _________________________________Make sure to Like and Follow if you like the idea_________________________________ It looks like Visa Bearish movement has ended when a Breakout of the Descending Channel happened on the 23rd of Sep. after that the stock has started moving sideways with a small edge to the upper direction.The breakout point has formed what seems to be a solid support level where the market was able to bounce twice from.The 19th of Oct was a great day for the stock where the market value has jumped from 228.27 to 233.52, a 2,2% increase in 1 day and this bullish push doesn’t seem like it’s going to stop yet.Possible Scenarios for the market :Scenario 1 : The market seems to be having a good Bullish momentum at the time this will lead the stock value to push up and hit the resistance level located at 235.14, If the buyers were able to gather more force and breakout that resistance then we will be seeing the price zigzag until it gets to the resistance level located at 247.63.Scenario 2 :The Bears might attempt to drive the market back into the descending channel range but they will be met by a big support zone that’s located n…

GabiDahdouh