Technical Pulse: Mastercard Inc. October 19, 2021 326

Mastercard Inc (US: MA) corrective rangebound move has come to a halt. Technicals indicate that Mastercard is undergoing a reversal pattern near the bottom of the range:


  1. The potential triple bottom continues to stay elevated above the US$330.00 psychological support after breaking out of the previous falling wedge. The resistance zone of the triple bottom at US$361=US$366 was tested multiple times and thus weakened in the process.
  2. Last Friday’s bullish candle gaps up above the Tenkan-sen and Kijun-sen crosses were confirmed by yesterday’s bullish candle. A further sign of bullish momentum ahead.
  3. Ichimoku shows an initial bullish signal after the Tenkan-Sen and Kijun-Sen crosses last Friday and the lagging span broke above the candles yesterday.



*Expected timeline of the trade is 15 weeks from the date of report issuance.




Ichimoku Kinko Hyo

Red dotted line = 26 periods Kijun-Sen

Blue dotted line = 9 Periods Tenkan-Sen

Green Line B= 52 periods Senkou Span B

Pink Line A = 26 periods Senkou Span A

Black line = 26 periods Chikou Span. Lagging line


Join our telegram channel on technical analysis for trends, entry and exit prices over Stocks, ETFs, and Indices!

Featuring regular TA posts and requests to analyse specific stocks
Click to join!
Notify of
Inline Feedbacks
View all comments

Get access to all the latest market news, reports, technical analysis
by signing up for a free account today!