MasterCard skids - Analysis - 06-12-2018

MasterCard's stock slumped 4.46% in the last session, or 9.37 points, as the stock gathered momentum to help it rise anew, while buoyed by exiting a descending correctional price channel that guided recent short-term trading, with positive signals from the RSI. 

Therefore we expect the stock to return higher, provided it settles above 202.28, targeting the resistance of 208.86 anew. 

Expected trend for today: Likely Bullish