MasterCard driven lower by pivotal resistance - Analysis - 06-09-2018

MasterCard's stock marked a 2.61% decline in the last session, or 5.66 points, after the pivotal resistance of 214.16 held on, as traders collect profits while the stock gathers momentum to help it rise anew, as it also vented off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA. 

Therefore we expect the stock to return higher, provided the resistance of 214.16 was breached, targeting the next one at 225.49.  

Expected trend for today: Likely Bullish