MA NEXT DAYS/WEEKS ANALYSIS - Counter thrend-next breakout
DAILY CHART
As ween can see in the daily chart , the Mastercard stock until the end of March was in a strong downtrend. Around end of March it has a double bottom (As Visa stock) and then began a new uptrend. We can say it is going for uptrend cause the Lower High around $260 was broken,and now as we can see the price is retesting that previous resistance that now is a new support.
We saw the price retrace at 0.618 fib level and now, it was consolidating for some period and after breaking the descending channel it went around 280$ and formed a double top (?) .
Scenarios
Maybe the price will retrace a little bit to test some previous supports and bounces back to retrace higher possible in the 1,27 or 1.618 fib extencion level that also around there is a strong resistance from previous months at around 320$.
This is just my opinion not a financial or trading advice.
As ween can see in the daily chart , the Mastercard stock until the end of March was in a strong downtrend. Around end of March it has a double bottom (As Visa stock) and then began a new uptrend. We can say it is going for uptrend cause the Lower High around $260 was broken,and now as we can see the price is retesting that previous resistance that now is a new support.
We saw the price retrace at 0.618 fib level and now, it was consolidating for some period and after breaking the descending channel it went around 280$ and formed a double top (?) .
Scenarios
Maybe the price will retrace a little bit to test some previous supports and bounces back to retrace higher possible in the 1,27 or 1.618 fib extencion level that also around there is a strong resistance from previous months at around 320$.
This is just my opinion not a financial or trading advice.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.