FX.co ★ Patterns #MA | Mastercard IncorpoRated Stock Price
#MA M5
Head and Shoulders
The technical pattern called Head and Shoulders has appeared on the chart of #MA M5. There are weighty reasons to suggest that the price will surpass the Neckline 531.61/531.48 after the right shoulder has been formed. So, the trend is set to change with the price heading for 531.33.
#MA M5
Double Top
The Double Top reversal pattern has been formed on #MA M5. Characteristics: the upper boundary 534.32; the lower boundary 532.63; the width of the pattern is 168 points. Sell trades are better to be opened below the lower boundary 532.63 with a possible movements towards the 532.48 level.
#MA M5
Bullish Rectangle
According to the chart of M5, #MA formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 531.04 – 531.04 and upper border 533.40 – 533.40. In case the upper border is broken, the instrument is likely to follow the upward trend.
#MA M5
Double Bottom
The Double Bottom pattern has been formed on #MA M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 534.66 is broken. The further movements will rely on the width of the current pattern 387 points.
#MA H1
Double Top
The Double Top pattern has been formed on #MA H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 509.54 is broken, the downward movement will continue.
#MA M5
Double Bottom
The Double Bottom pattern has been formed on #MA M5. Characteristics: the support level 509.54; the resistance level 524.12; the width of the pattern 1458 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 1493 points.
#MA H1
Triple Top
On the chart of the #MA H1 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 508.17, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 1564 points.
#MA M30
Triple Top
The Triple Top pattern has formed on the chart of the #MA M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 508.17/512.83 with the upper limit 523.81/521.51; the projection of the width is 1564 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 508.17, the price is most likely to continue the downward movement.
#MA M30
Bullish pennant
The Bullish pennant signal – Trading instrument #MA M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 521.82, with the prospect of the next move being a projection of the flagpole height.
#MA M5
Double Top
On the chart of #MA M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 520.28; the lower boundary 518.50; the width of the pattern 178 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 518.35 level.