Mastercard $MA Technical Update – Stock Traders Daily

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Mastercard $MA Technical Update

The Mastercard (NYSE: MA) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for MA, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Weak Neutral Neutral
P1 210.05 200.36 201.12
P2 212.63 209.51 212.74
P3 216.34 218.78 224.02

Long Term Trading Plans for MA

September 7, 2018, 1:45 am ET

The Technical Summary and Trading Plans for MA help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this MA Report.

MA – (Long) Support Plan

Buy over 212.74 target 224.02 stop loss @ 212.48.
The technical summary data tells us to buy MA near 212.74 with an upside target of 224.02. This data also tells us to set a stop loss @ 212.48 to protect against excessive loss in case the stock begins to move against the trade. 212.74 is the first level of support below 212.77 , and by rule, any test of support is a buy signal. In this case, support 212.74 is being tested, a buy signal would exist.

MA – (Short) Resistance Plan

Short under 224.02 target 212.74 stop loss @ 224.28
The technical summary data is suggesting a short of MA as it gets near 224.02 with a downside target of 212.74. We should have a stop loss in place at 224.28 though. 224.02 is the first level of resistance above 212.77, and by rule, any test of resistance is a short signal. In this case, if resistance 224.02 is being tested, a short signal would exist.

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