MasterCard tries to shake off negative pressure - Analysis - 13-12-2018

Economies.com
2018-12-13 14:05PM UTC

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  

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