Mastercard (MA) Should Pullback Soon To Provide Next Opportunity

Mastercard Incorporated (MA), provides transaction processing & other payment-related products & services in the United states & internationally.

Mastercard Incorporated (MA), provides transaction processing & other payment-related products & services in the United states & internationally. The company offers payment related products to integrated products & value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments & other organizations. It is headquartered in New York, comes under Financial Services sector & trades as “MA” ticker at NYSE.

As expected from the previous article, MA continue rally in ((3)) of I started from March-2023 low after (4) correction ended at $428.86 low. It already made new high in weekly within ((3)) of I soon expect to pullback in 3, 7 or 11 swings in ((4)) correction.

MA - Elliott Wave Latest Weekly View: 

In Weekly sequence, it ended (I) at $401.50 high as impulse sequence from the all-time lows in April-2021 high. Below there, it placed (II) as double correction at $276.87 low in -October-2022. Within (II) correction, it placed w at $306 low & x at $399.92 high in January-2022. Finally, it ended y of (II) at $276.87 low in October-2022 low. Above there, it favors upside in I of (III) & expect further rally before correcting in II.

MA - Elliott Wave Weekly View From 4.29.2024:

Within wave I, it placed ((1)) at $390 high & ((2)) at $340.21 low. Above there, it favors upside in ((3)), in which it ended (1) at $418.60 high, (2) at $359.77 low, (3) at $490 high & (4) at $428.86 low. Currently, it favors upside in 5 of (5), while dips remain above $483.54 low to finish ((3)) between $480.28 – $523.60 area. Later, it should pullback in ((4)) in 3, 7 or 11 swings before final push higher to finish I sequence. We like to buy the pullback in 3, 7 or 11 swings at extreme areas, when reached.

Source: https://elliottwave-forecast.com/stock-market/ma-pullback-provide-next-opportunity/

Disclaimer: This and other personal blog posts are not reviewed, monitored or endorsed by TalkMarkets. The content is solely the view of the author and TalkMarkets is not responsible for the content of this post in any way. Our curated content which is handpicked by our editorial team may be viewed here.

STOCKS IN THIS BLOG POST

Comments