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Trade Setup MasterCard Inc. Reached a Resistance

Interval: Daily

trade-setup-mastercard-got-to-resistance-25.03.2013

The main trend of MasterCard Inc. started at the beginning of November 2008. The shares gained almost 400 percent in 5 years. Now it got to the upper line of the uptrend channel and the Rate of Change oscillator (28 periods) is signaling a negative divergence. If the price will fall under the local support (506.50) there is a big chance that it will drop all the way to $444.40 per share.

Confirmation Level: 506.27

Take Profit: 444.40

Stop Loss: 531.50

Trade Setup MasterCard Inc. Reached a Resistance by
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