Shares of MasterCard Inc., one of the largest US multinational companies that provide payment services, are moving in a corrective trend around 327.00.
On the daily chart, the quotes are kept within the global downward corridor with dynamic boundaries of 268.00–340.00, approaching the resistance line.
The four-hour chart shows that the upward movement has a high potential for continuation since the growth momentum has already gained sufficient strength after the implementation of the local Head and shoulders reversal pattern, and if the resistance line at 335.00 is broken, the instrument may head towards the August global high around 360.00. However, in case of a reversal and the start of a decline, the price will once again test the channel's support line at 292.00.
Technical indicators keep a stable buy signal: fast EMAs on the Alligator indicator are above the signal line, and the AO oscillator histogram forms rising bars in the buying zone.