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Trade idea for Mastercard Incorporated (NYSE)


#MA

The general trend is descendant. The share trades in the upper’s descendant price channel’s span. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The inclined channel of the ascendant wave structure is breached.

Trade idea:

Sell when the 340.90 level is breached.

Stop-loss is beyond the resistance 353.84.

Target levels: 330.11; 306.24.

Author: GC
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