It’s been a good 2019 for Mastercard stock, the stock started to rally last January 2019 around $170 per share and it has not stopped until now. Mastercard stock corrected a bit last summer 2019 and then it has created a very strong bullish impulse and demand imbalance around $276 per share.
Mastercard Inc. MA stock is in a clear uptrend, no shorts are allowed. In an uptrend new demand imbalances are created and respected and that’s what Mastercard stock is doing on the monthly timeframe. See Mastercard supply and demand technical analysis below.
We should be expecting a bearish correction on Mastercard Inc stock, why? The underlying price of this stock is very expensive now, trading around $328 in February 2020. Will it start a bearish correction soon? We don’t know that for certain, it’s impossible to know. But what we do know is that there is a very strong imbalance located around $276 for long term position.
Remember that this is a longer term supply and demand analysis for Mastercard Stock. Watch a more detailed technical analysis of Mastercard in the video below.
This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.
Trading supply and demand imbalances is ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind.
As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control.
Unless you are doing very short term trading and scalping, you should not worry about fundamentals or earnings announcements.
You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for price to pullback or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.
If you want to learn how to trade Mastercard using our supply and demand trading strategy, join our supply and demand trading course.
There are several ways of buying stocks like Mastercard and futures. When trading stocks, you can buy shares of the underlying stock or use options strategies to go long or short at these specific supply and demand levels, long calls or long puts or spreads. You can even buy a Mastercard CFD (contracts for difference) if you are in a country where it’s allowed.
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