MASTERCARD On a buy signal

23. Aug. 2023

It's been too long since we last looked into a Mastercard Inc (MA) trade, with last time though (see chart below) providing a good pull-back buy opportunity:

This time the price is on a 1D MA50 (blue trend-line) rebound, in fact a Double Bottom rebound if we count the August 03 Low. With the 1D MACD about to give the ultimate buy confirmation on the Bullish Cross (you can buy after it is formed), we are bullish, targeting 415 (completes a +16.00% rise).

The long-term pattern is a Channel Up since the March 16 Low. Any closing above it, brings the upper Fibonacci levels in focus as potential targets.

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