Stocks

Mastercard may rise to 519.00 - 526.00

2024-10-09

Our pivot point stands at 482.

Our preference

As long as 482 is support look for 519.

Alternative scenario

Below 482, expect 470 and 464.

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 493.9275 and 477.8444).

Supports and resistances

533 **

526 *

519 **

512

497.06 (USD-last)

487

482 **

470 *

464 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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