12May

Mastercard Inc. (MA) Elliott Wave Analysis Reveals Bullish Momentum with Anticipated Resistance at $650

Mastercard Inc. (MA) Elliott Wave Analysis - TradingLounge Daily Chart

MA Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Wave 3

DIRECTION: Upside in wave 3

DETAILS: Minor wave 3 is progressing higher as Mastercard approaches its previous all-time high (ATH). A key technical resistance zone lies near $650, which could act as the potential termination point of wave 3.

Mastercard Inc. (NYSE: MA) shows continued bullish momentum on the daily chart within an Elliott Wave impulsive structure. The stock is currently advancing in Minor wave 3, aiming to breach its former ATH. Analysts and traders closely watch the $650 resistance level, as it may represent the peak of this current wave 3. A rejection here could lead to a corrective wave 4, potentially offering a buying opportunity before the next bullish leg begins.

Mastercard-d-chart-1...


Mastercard Inc. (MA) Elliott Wave Analysis - TradingLounge 1-Hour Chart

MA Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Wave {iii} of 3

DIRECTION: Potential top in wave {iii}

DETAILS: Wave {iii} may be nearing completion, suggesting a probable retracement in wave {iv}. Given the proportionality between waves {i} and {iii}, a possible extension in wave {v} may follow after the pullback.

On the 1-hour chart, Mastercard stock (ticker: MA) appears to be concluding wave {iii} within the broader wave 3 sequence. A short-term decline in wave {iv} could soon develop, consistent with standard Elliott Wave principles. If confirmed, this move would precede a bullish extension in wave {v}, reinforcing the strong uptrend visible on higher timeframes. Traders should monitor this potential setup for a continuation of the upward momentum.

Technical Analyst: Alessio Barretta

Source: Visit Tradinglounge.com and learn from the Experts. Join TradingLounge Here 

Previous: Spotify Technology S.A. (SPOT) Elliott Wave Technical Analysis

VALUE Offer - Buy 1 Month & Get 3 Months!Click here

Access 7 Analysts Over 200 Markets Covered. Chat Room With Support

Mastercard-1h-chart-...

Related

Detailed Bovespa Index Elliott Wave analysis, focusing on technical trends, impulse waves, and market predictions

Detailed Bovespa Index Elliott Wave analysis, focusing on technical trends, impulse waves, and market predictions

Bovespa Index Elliott Wave analysis, focuses on technical trends, impulse waves, and market predicti...

Read More >
Historic Coffee Price Breakout Expected: Elliott Wave Analysis Reveals $385 Target and Unprecedented Market Opportunities for Traders

Historic Coffee Price Breakout Expected: Elliott Wave Analysis Reveals $385 Target and Unprecedented Market Opportunities for Traders

Coffee prices are gaining momentum, with a potential breakout to record highs predicted by Elliott w...

Read More >
Polkadot DOTUSD Elliott Wave Analysis Predicts Wave III Bullish Breakout After ABC Correction and Fibonacci Level Confirmation

Polkadot DOTUSD Elliott Wave Analysis Predicts Wave III Bullish Breakout After ABC Correction and Fibonacci Level Confirmation

Polkadot (DOTUSD) may have completed wave II at 3.737 near the 0.618 Fibonacci level. A confirmed br...

Read More >
Mastering Bitcoin/ U.S. dollar(BTCUSD) Elliott Wave Technical Analysis for Profitable Trading

Mastering Bitcoin/ U.S. dollar(BTCUSD) Elliott Wave Technical Analysis for Profitable Trading

As of February 29, 2024, leverage the insights from TradingLounge's daily and 4-hour BTCUSD char...

Read More >
Elliott Wave Analysis for the Australian Stock Exchange (ASX) Provides Insights into News Corporation (NWS)

Elliott Wave Analysis for the Australian Stock Exchange (ASX) Provides Insights into News Corporation (NWS)

Our detailed Elliott Wave analysis for NEWS CORPORATION (ASX: NWS) highlights potential price target...

Read More >
Netflix Inc. (NFLX) Elliott Wave Technical Analysis: Investment Insights, Financial Performance, and Growth Potential for 2025

Netflix Inc. (NFLX) Elliott Wave Technical Analysis: Investment Insights, Financial Performance, and Growth Potential for 2025

Netflix Inc. (NFLX) with our comprehensive stock analysis. This report covers key financial performa...

Read More >

$1 for 2 Weeks

then $29 a month!

What a Special Offer!

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering 250+ markets:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competitive edge with expert insights and AI-powered Elliott Wave charting into:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Real-time Chat rooms
  • Elliott Wave Algorithm
  • Portfolio tools
  • TradingLevels
  • Screener
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on