Scenario Timeframe Weekly Recommendation BUY STOP Entry Point 404.00 Take Profit 420.00 Stop Loss 400.00 Key Levels 370.00, 380.00, 397.00, 400.00, 404.00, 420.00, 430.00
Alternative scenario Recommendation SELL STOP Entry Point 388.00 Take Profit 370.00 Stop Loss 395.00 Key Levels 370.00, 380.00, 397.00, 400.00, 404.00, 420.00, 430.00
Shares of MasterCard Inc., one of the largest US multinational companies providing payment services, are moving within a corrective trend at 397.00.
On the daily chart, the price is forming a global upward trend, within which the next wave is developing in the local corridor with dynamic boundaries of 430.00–380.00.
On the four-hour chart, the growth potential has slightly decreased, and the movement continues within the sideways channel of 400.00–388.00, the exit from which will indicate a new local trend. The main obstacle for the “bulls” is the year’s high at 404.00, consolidation above which will be considered a confirmation necessary for global growth.
Technical indicators reversed but so do not give a clear signal: fast EMAs on the Alligator indicator are close to the signal line, and the AO histogram is forming rising bars just below the transition level.
Trading tips
Long positions may be opened after the price rises and consolidates above 404.00 with the target at 420.00. Stop loss — 400.00. Implementation period: 7 days or more.
Short positions may be opened after a reversal, reduction, and consolidation of the price below 388.00 with the target at 370.00. Stop loss – 395.00.
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 404.00 |
| Take Profit | 420.00 |
| Stop Loss | 400.00 |
| Key Levels | 370.00, 380.00, 397.00, 400.00, 404.00, 420.00, 430.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 388.00 |
| Take Profit | 370.00 |
| Stop Loss | 395.00 |
| Key Levels | 370.00, 380.00, 397.00, 400.00, 404.00, 420.00, 430.00 |
Shares of MasterCard Inc., one of the largest US multinational companies providing payment services, are moving within a corrective trend at 397.00.
On the daily chart, the price is forming a global upward trend, within which the next wave is developing in the local corridor with dynamic boundaries of 430.00–380.00.
On the four-hour chart, the growth potential has slightly decreased, and the movement continues within the sideways channel of 400.00–388.00, the exit from which will indicate a new local trend. The main obstacle for the “bulls” is the year’s high at 404.00, consolidation above which will be considered a confirmation necessary for global growth.
Technical indicators reversed but so do not give a clear signal: fast EMAs on the Alligator indicator are close to the signal line, and the AO histogram is forming rising bars just below the transition level.
Trading tips
Long positions may be opened after the price rises and consolidates above 404.00 with the target at 420.00. Stop loss — 400.00. Implementation period: 7 days or more.
Short positions may be opened after a reversal, reduction, and consolidation of the price below 388.00 with the target at 370.00. Stop loss – 395.00.
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