Mastercard Incorporated (MA/NYSE/S&P500)
06 September 2017, 12:02
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 133.00 |
| Take Profit | 133.70, 134.40, 135.00 |
| Stop Loss | 132.10 |
| Key Levels | 129.50, 130.50, 131.75, 132.90, 133.60, 134.40 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 131.70 |
| Take Profit | 130.50, 129.75 |
| Stop Loss | 132.50 |
| Key Levels | 129.50, 130.50, 131.75, 132.90, 133.60, 134.40 |
Industry: credit services
Current trend
Mastercard announced the release of the contact-free payment function to be added to Fitbit smart watch. The owners of the watch will be able to add a Mastercard card to the device and to pay for the services via contact-free terminals in over 6.5 mln POSs all over the world.
Mastercard also entered into a new transaction with PayPal and Synchrony Financial for the release of new PayPal cards with 2% cashback.
During the previous week the stock of Mastercard dropped by 0.89%. S&P500 index went down by 0.53% during the same period.
Comparing company's multiplier with its competitors, we can say that Mastercard's shares are undervalued.
Key levels
Yesterday #MA stocks kept the key support level of 131.75 causing "bullish" tendencies in the second half of the trading session. The continuation of the global upward trend is also possible. The emitter formed the local resistance level of 132.90. Indicators don't give a clear signal. Positions may be opened from key levels.
Support levels: 131.75, 130.50, 129.50.
Resistance levels: 132.90, 133.60, 134.40.
Trading tips
If the price consolidates above the local resistance level of 132.90, one may consider buying #МA. Potential profits can be locked in by installments at 133.70, 134.40, 135.00. Stop-loss will be placed at 132.10.
If the quotes of #MA break through the level of 131.75, short positions may be opened. There is a potential of movement to 130.50-129.75. Stop-loss should be placed at 132.50.
Trading tips will be relevant for 3 days.
Current trend
Mastercard announced the release of the contact-free payment function to be added to Fitbit smart watch. The owners of the watch will be able to add a Mastercard card to the device and to pay for the services via contact-free terminals in over 6.5 mln POSs all over the world.
Mastercard also entered into a new transaction with PayPal and Synchrony Financial for the release of new PayPal cards with 2% cashback.
During the previous week the stock of Mastercard dropped by 0.89%. S&P500 index went down by 0.53% during the same period.
Comparing company's multiplier with its competitors, we can say that Mastercard's shares are undervalued.
Key levels
Yesterday #MA stocks kept the key support level of 131.75 causing "bullish" tendencies in the second half of the trading session. The continuation of the global upward trend is also possible. The emitter formed the local resistance level of 132.90. Indicators don't give a clear signal. Positions may be opened from key levels.
Support levels: 131.75, 130.50, 129.50.
Resistance levels: 132.90, 133.60, 134.40.
Trading tips
If the price consolidates above the local resistance level of 132.90, one may consider buying #МA. Potential profits can be locked in by installments at 133.70, 134.40, 135.00. Stop-loss will be placed at 132.10.
If the quotes of #MA break through the level of 131.75, short positions may be opened. There is a potential of movement to 130.50-129.75. Stop-loss should be placed at 132.50.
Trading tips will be relevant for 3 days.
No comments:
Write comments