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Mastercard IncorporatedMastercard IncorporatedMastercard Incorporated

Mastercard Incorporated

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MA trade ideas

Cup and HandleLong when chart chills out Has broken bottom trend line of bearish rising wedge Long term uptrend NV is high Short interest is low C&H patterns are only valid over long entry level A Narrowing rising wedge is a technical pattern, suggesting a reversal pattern frequently seen at the top. This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex. Using two trendlines – one for drawing across two or more pivot highs and one connecting two or more pivot lows. The 2 upsloping lines are in the same direction of the trend Unlike a triangle, both trend lines slope upwards in the same direction. It represesnts too much buying without healthy pull backs, or irrational exuberance. Rising wedges are longer term patterns that flags or pennants and go on for at least 3 weeks, months or longer. A stock can break up from a RW, but the break up is often weak and short lived. It is ok to trade stocks in a RW, as they can travel up for a very long time inside of one. Personally, I avoid them. Just keep an eye on the bottom trend line of the Rising Wedge pattern Rising wedges can cause a shortage of buyers when the stock pulls back, because too many buyers on way up, so no one left on way down. Pull back can be deep. A strong stock will not fall as far as a weaker stock as a rule. It is an example of supply and demand. Characterized by negative touches to the bottom trend line A falling wedge, often found in a down trend is very similar, but both trend lines slope down in the direction of the trend which is down A FW can also signal a reversal in trend, but is often bullish. Not a recommendation
NYSE:MALong
by lauralea
2
Mastercard still on a mid-term up trend towards 365-369 levelsBased on overall market sell off, MA has been going down but has support levels around 318-320 and next one down around 290-295 range (which is where previously it bounced off before it took off to mid 360s). I still think in the mid-term, barring any overall macro economic bad news etc it should keep going up. Also last week was a tech stock sell off. There was no reason to drag master card with it. Even if economy recovers, people will continue to use services of MA.
NYSE:MALong
by srikanth82
1