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Trading idea for Mastercard Incorporated (NYSE)

#MA

The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. Breaking through the resistance level of 365.70 will result in the formation of an ascending wave pattern within the overall uptrend.

Trading idea:

Buy at the breakout of 365.70.

Stop Loss: 350.24.

Target levels: 384.90; 389.0.

Author: GC
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