Mastercard Incorporated is a technology company that provides transaction processing and other payment-related products and services in the United States and internationally. Together with Visa Inc and American Express, they are the strongest and most well-known companies in the world. These companies facilitate the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
Mastercard stock price has started to react to a strong imbalance located on the weekly timeframe around $365 per share. We can see bullish price action on the stock as well. We are expected Mastercard stock price to move higher in the forthcoming weeks. Take a look at the supply and demand technical stock analysis done on the weekly timeframe below. There is a very strong impulse around that price level that is allowing Mastercard stock price to move higher as expected regardless of the stock’s fundamental analysis or expected earnings for the last quarter. As supply and demand traders, we can disregard fundamental stock analysis and earnings releases as they are already priced in the charts.
Watch Mastercard stock forecast for July 2021 in the stock video analysis below.
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 on Mastercard Inc. (NYSE: MA).
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.
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