MASTERCARD Best buy entry now. Target $625.

Mastercard (MA) has been trading within almost a 3-year Channel Up that only broke (but recovered naturally) during Trump's trade war. Still, the 1W MA100 (green trend-line) contained the downfall, as it always had.

Normally the Bearish Legs of this pattern tend to find Support on the 1W MA50 (blue trend-line), as the latest one did 3 weeks ago. Now that the price is trading still on the 0.382 Fibonacci retracement level, it historically is the best buy opportunity, as per all previous Bullish Legs.

The Channel Up has always priced its Higher High (top) on at least the -0.236 Fibonacci extension. As a result, we are targeting $625.00 before the year ends.

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