Stocks

Mastercard may rise to 470.00 - 475.00

2024-06-09

Our pivot point stands at 440.

Our preference

Short term rebound towards 470.

Alternative scenario

The downside breakout of 440 would call for 431 and 425.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 451.678 and 457.9074).

Supports and resistances

481 **

475 *

470 **

464

449.79 (USD-last)

444

440 **

431 *

425 **

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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