Mastercard may rise to 530.00 - 536.00

Our pivot point is at 495.

Our preference

The upside prevails as long as 495 is support.

Alternative scenario

The downside breakout of 495 would call for 484 and 478.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 496.016 and 482.575). Finally, Mastercard has crossed above its upper daily Bollinger band (506.26).

Supports and resistances

543 **

536 *

530 **

523

507.23 (USD-last)

499

495 **

484 *

478 **

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