MasterCard returns higher - Analysis - 23-06-2017

MasterCard's stock (MA) returned higher in the intraday levels, scoring a profit of 0.16% in the last session, or 0.20 points, amid positive signals from relative power indicators, after reaching extremely oversold levels compared to the stock's movement, while trading within an ascending price channel that limited recent trading, with positive support from the 50-day SMA. 

Therefore we expect more gains for the stock, as long as the support of 120.00 holds on, targeting the resistance of 125.05.