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MasterCard Inc., Technical Analysis

12/29/2022 10:08 AM

Shares of MasterCard Inc., one of the largest US multinational payment services companies, are trading around 341.00.

On the daily chart, the price continues to hold above the resistance line of the global downward corridor with dynamic boundaries 260.00–325.00, correcting down.

In the four-hour chart, a reversal is being formed at current levels, which, in turn, increases the prospects for testing the passed resistance line at 320.00. At least, the Head and shoulders reversal pattern with the Neckline around 338.00 is already being built, the implementation of which will become a catalyst for the decline in the quotes of the trading instrument.

Technical indicators reversed and issued a new sell signal: fast EMAs on the Alligator indicator crossed the signal line downwards, and the AO oscillator histogram is forming downward bars, moving into the sell zone.



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