MA trade ideas
Mastercard MT (January 27th 2021)Mastercard (MA) (January 27th 2021 through October 2021)
Low: $239
High: $349
or
Low: $303
High: $445-$470
2020 Q4 earnings in 2 days, I'm a bit indecisive on this one. I think the earnings may very well under-perform wall street expectations but maybe not by much, seems like a decent target. I think Mastercard could go through quite a bit of resistance in the next few months but it may get its bullish time again.
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MASTERCARD INC.A DL-,0001MASTERCARD INC.A DL-,0001
Our arrow calmed into a very strong and continuous feedback channel Support has been dissupported and there are large volumes of vendors liquidity Good and so I recommend selling now until 240.169 Another confirmation was damaged by a large red plug
BUY $MA - NRPicks Ene 17Mastercard is the second largest payment processor in the world and processed $4.8 billion in purchase transactions in 2019. Mastercard operates in over 200 countries and processes transactions in more than 150 currencies.
The COVID-19 has affected many companies and Mastercard has been no exception, however, it only reduced its sales by 10%. The company as well as its biggest competitors (Visa and Paypal) have developed and expanded their brand all over the world. Operationally the company maintains an average level of debt compared to its competitors and will have no problem meeting its financial obligations.
Fundamentals:
- Growth
- 18.7% estimated growth in net earnings for the next 3 years
- ROE 255% VS 13.6% industry
Technicians:
- Price level below SMA 250-200-150
- Williams R% at -89% levels
- RSI (24) Overbooking
-8% average upside during the month
A correction of 9% was presented from December 8 to January 15, which stopped at a support of $322. At this point, we expect the stock to show a change in trend as the 322 level has been respected several times during the year. Finally, Technical Indicators like SMA, Williams R% and RSI show us buy opportunity.
MA - Falling Knife or Buy the Dip?NYSE:MA and NYSE:V have been on my list for a while.
The fundamentals look rather elevated however light at the end of the covid tunnel and seemingly endless fiscal stimulus seem people to keep on spending. Combined with the fact that Visa and MasterCard are pretty much dominating the market, I think the stock belongs in a well diversified portfolio.
After falling off a cliff in March I missed the opportunity to buy the stock for the recovery rally and thus look for a justifiable entry point. Today's setback has brought the stock into what I believe to be a "support area" between $320 & $330. Levels where I could see myself entering the stock unless something changes fundamentally in either the company or the broader market perspective.
What I like;
+ Positive regression trend since March 2020 lows, the only outlier is the Oct earnings dip.
+ Stock is now trending in a support channel between $320 and $330 that has attracted buyers in the past
+ RSI around 40's which indicates that the stock enters oversold territory
+ General Analyst price consensus is in the $370 range
What I don't like;
- MACD at crossover point indicating potential bearish tendencies
- Recent selling happened at higher than avg. daily volumes
What I watch;
* Bottoming-out / reversal of RSI
* MACD reversing to bullish tendency
* Confirmation of support channel, in combination with
* Confirmation of Regression channel bottom
* News in the run up to earnings on Jan 29
Trade expectations;
Buy Limit @ 325 GTD
SL @ 310 (dynamic adjustment on price incr.)
TP @ 370
RR-ratio 3:1
***The above represents my personal view and shall not be considered investment advice. Risk management is key, do not trade what you can't afford to loose***
Is Mastercard Staggering Toward a Breakout?Mastercard has gone nowhere for a year, but now it could be ready to start moving.
Notice how prices jumped on November 9 and moved sideways for the next six weeks. MA accomplished a few things technically during that time.
First, the credit-card giant managed to consolidate above an important zone around $330. That was the bottom of its bearish gap when the Covid correction began on Feb. 24. It was also resistance in early August and failed support in late October.
Additionally, the $330 area was near its 50-day simple moving average (SMA).
The next level that matters is approximately $345. That was the top of MA's range in early December. Old resistance could be turning into new support once again, but $15 higher.
Additionally, the 21-day exponential moving average (EMA) crossed above the 50-day simple moving average (SMA) in late November and has remained there since. That can indicate the trend is turning more bullish.
MA is also interesting fundamentally because its business stands to benefit from a rebound in the economy after the pandemic.
Finally, Wednesday's price action included a lower low than Tuesday and a higher high. That kind of bullish outside day can indicate buyers are taking control.
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$MA next buy zoneI am a casual trader while managing own online business.
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$MA - 5-count Breakout with Pending CatalystHas recently broken out of a wedge with internal 5-count started in early November on news of stimulus passing.
A larger stimulus payment would be very bullish for $MA - likely enough to take it to & through ATH of ~$367.
Below are my targets & extended targets.
Entry: Either re-test of Wedge ($342) or Break above $348.21.
TG1: $355
TG2: $363
Extended TG3: $370
Extended TG4: $380
Invalidated: <$330
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