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.
This content is for informational purposes only and is not intended to be investing advice.
