Will three white soldiers prevent Mastercard correction?

03 february 2022 129
Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
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Good quarterly reporting along with the general market bounce from local minimums have become fuel for growth of Mastercard stocks.


At the last trading session, stocks have not yet reached the historical maximum of 400.9. The formed candle formation of “three white soldiers” indicates continued growth but bearing in mind the created bounce by 20% from the January minimum, the upward movement without a pullback will be difficult to continue.


The price could be corrected to the maximum of the beginning of January of 382.4 before a new attempt to storm the level of 400.9.

Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segment "Currencies"
2nd in the segments "Indices" and "Metals"
3rd in the segment "US stocks"
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