MasterCard's stock hit an intraday high at 105.96, bouncing off it lower and trimming the gains to 1.29%, or 2.55 points, while shaking off negative pressure from the 50-day SMA, as the stock was buoyed by exiting a descending price channel that limited recent short-term trading.
Therefore we expect more gains for the stock, targeting the next resistance, as long as the support of 196.20 holds on.
Expected trend for today: Bullish