MasterCard hints at more gains - Analysis - 23-01-2017

MasterCard's stock closed higher in the intraday levels, scoring a profit of 1.32% in the last session, or 1.43 points, amid the dominance of the main upward short-term trend along the trend line as shown in the attached chart, with ongoing positive pressure from the SMA for the last 50 days period, while settling above the important support of 108.23.
 
Therefore we expect more gains to come for the stock as long as it settles above 108.23, targeting thereafter the resistance of 111.89.