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