Interval: Daily
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 Razvan Mihai