MasterCard breaches current support - Analysis - 12-10-2018

2018-10-12 13:14:14 GMT (Economies.com)
MasterCard breaches current support - Analysis - 12-10-2018
 

MasterCard's stock closed 1.11% lower, or 2.18 points, breaching the support of 196.20, while hurt by exiting the ascending price channel recently in the intraday levels, with negative pressure from the 50-day SMA, coupled with a surge in trading volumes. 

 

Therefore we expect more losses for the stock, as long as it settles below 196.20, targeting the support of 188.39. 

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.1482
-0.0040
0.3446%
1.2997
-0.0075
0.5715%
14.763
0.130
0.888%
66.160
-3.120
4.504%
76.31
-3.52
4.41%
1231.860
5.155
0.420%
 
 
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