Mastercard may rise to 516.00 - 523.00

Our pivot point is at 481.

Our preference

As long as 481 is support look for 516.

Alternative scenario

The downside breakout of 481 would call for 470 and 463.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 491.3055 and 473.0544).

Supports and resistances

529 **

523 *

516 **

509

495.57 (USD-last)

485

481 **

470 *

463 **

Number of asterisks represents the strength of support and resistance levels.