Mastercard Incorporated (MA)

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Stock Price History

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Our View

Mastercard owns one of the two largest credit card payment processing networks in the world. The company’s biggest strength is its already established and far-reaching payment infrastructure. Globally, digital payments have surpassed cash payments. Therefore, the company’s strong position in the payments space along with the tailwind provided by the shift towards digital will boost the long-term prospects of Mastercard.

The long-term monthly chart for Mastercard shows a strong uptrend that faced a couple of pullbacks, one in the second half of 2018, and the other in the beginning of 2020. The 2020 downturn was quite significant, with the price falling by roughly 42%. This down move also resulted in the price breaking an important resistance zone of $225 as well as the bottom of the long-term trend.

Starting April 2020, the price has gained 35% and bounced off a resistance-turned-support line at $285. The next target looks like $345-$350. Stop loss can be placed below the $285 support zone.

Positions taken today at $312.44 with stop loss 21.66% below at 245$. Short to medium term investors take profit point at $380 giving a return of 21.5%

Data Explained

On the video and images above you will see the reason this stock was selected.

You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.

Once it is time to move the original stop loss up you will see an additional image.

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