Stocks

Mastercard may fall to 421.00 - 426.00

2024-06-06

Our pivot point stands at 455.

Our preference

The downside prevails as long as 455 is resistance.

Alternative scenario

Above 455, look for 464 and 469.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 452.2675 and 459.033).

Supports and resistances

469 **

464 *

455 **

451

446.66 (USD-last)

432

426 **

421 *

416 **

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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