Mastercard: wait and buy

Mastercard: wait and buy

2021-10-25 • Dikemaskini

Mastercard may present a very worthy opportunity to buy. Why not buying right now? Because we don’t know yet if the plunge has finished or not. That’s what they call “catching falling knives” – let’s not do that.

What we need to do is wait. We see that this stock lost approximately 10% of its value falling from 357 to 327. Very possible, it will reverse around this level as 324 (meaning, the area around it) has been serving as support since November and saw the price bounce off it several times.

However, the plunge we see here is quite strong. We have to factor in the probability that the price may penetrate the support of 324 and dive into the channel 314-324. Very possibly,  it will reverse over there; if it doesn’t – we only have the support of 287 left since Summer 2020. So far, there is little visible evidence to assume that bears may go that far but it’s better to be safe than sorry.

That’s why your plan is to wait and watch for reversals. Don’t look for signs of reversal – wait for an actual reversal. After that – buy. While you hold it, it’s advisable that you keep it until it reaches 357. From 324 to 357 it’s approximately 10% - a pretty good catch, in potential.

MASTERCARDDaily.png

                                                                                                    LOG IN

Serupa

Berita terkini

Deposit dengan sistem pembayaran tempatan anda

Notis pengumpulan data

FBS menyimpan rekod data anda untuk mengoperasikan laman web ini. Dengan menekan butang "Terima", anda menyetujui Polisi Privasi kami.

Callback

Pengurus akan menghubungi anda dalam amsa terdekat

Tukar nombor

Permohonan anda telah diterima

Pengurus akan menghubungi anda dalam amsa terdekat

Permohonan panggil balik seterusnya untuk nombor telefon ini
boleh dilakukan dalam dalam

Jika anda mempunyai isu yang perlu disegerakan, sila hubungi kami menerusi
Live Chat

Masalah dalaman. Sila cuba sebentar lagi

Jangan bazir masa anda – pantau bagaimana NFP mempengaruhi dolar AS dan kaut keuntungan!

Anda sedang menggunakan pelayar web yang versinya sudah lapuk.

Kemaskini kepada versi terkini atau cuba pelayar lain untuk penggunaan yang lebih selamat, selesa dan produktif.

Safari Chrome Firefox Opera