empty
 
 
10.10.2022 02:22 PM
Technical analysis on MA stock price for October 10th, 2022.

This image is no longer relevant

Red line -resistance

Green line- support (broken, now resistance)

MA stock price has broken below key horizontal support of $305 a couple weeks ago. The market bounced higher and so did the stock price of MasterCard. Price back tested the broken support trend line. Price made a back test of the breakdown area around $300-$305. The back test was a failure for bulls as price got rejected. Recent price action confirms the resistance at $300-$305. Previous support is now resistance. Bulls need to overcome this resistance area in order to hope for a bigger move higher towards the red trend line. As long as price is below the horizontal green line resistance we remain bearish.

Summary
Urgency
Analytic
Alexandros Yfantis
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback