{"id":12958,"date":"2022-12-12T08:18:56","date_gmt":"2022-12-12T08:18:56","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12958"},"modified":"2023-05-17T08:21:20","modified_gmt":"2023-05-17T08:21:20","slug":"mastercard-about-to-break-into-long-term-bullish-territory","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/12\/12\/mastercard-about-to-break-into-long-term-bullish-territory\/","title":{"rendered":"MASTERCARD About to break into long-term bullish territory"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>Mastercard Inc (MA) is rebounding again back towards the top of its +1 year Channel Down pattern after the December 02 rejection on the 262.000 Resistance, which happened to be also at the top (Lower Highs trend-line) of the Channel.<\/p>\n<p>If the price breaks above, that alone would be a major bullish break-out signal for the long-term but ideally we would like to see a cross above the (red) Resistance Zone for confirmation. Beyond that, the upside targets are the 382.00 April 28 High and 400.00 February 02 High.<\/p>\n<p>If on the other hand the 1D MA50 (blue trend-line) breaks first, we expect a pull-back to the (green) Support Zone (around 305.00) before the uptrend is resumed.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/MA\/sqWGe0D8-MASTERCARD-About-to-break-into-long-term-bullish-territory\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/MA\/sqWGe0D8-MASTERCARD-About-to-break-into-long-term-bullish-territory<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Mastercard Inc (MA) is rebounding again back towards the top of its +1 year Channel Down pattern after the December 02 rejection on the 262.000 Resistance, which happened to be also at the top (Lower Highs trend-line) of the Channel. If the price breaks above, that alone would be a major bullish break-out signal<\/p>\n","protected":false},"author":611,"featured_media":12959,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1640],"tags":[],"class_list":["post-12958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stocks"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12958"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12958\/revisions"}],"predecessor-version":[{"id":12961,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12958\/revisions\/12961"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12959"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}