SUMMARY
Master Card (MA) has reached stratospheric heights and is running on fumes! Take a look at the Elliott Waves where a full impulse count has pretty much completed and if not yet, a few more dollars up to $200 could be potential. However, is this the time to be taking buying or profit taking actions? For the seasoned traders only, could this be delicious short sell opportunity? Would buying some put options be justified by risk to reward? What do you think?
The subwaves are pointing to the same direction as they confirm the higher degree of trend wave counts. The red ABC is only one potential corrective pathway, but given how stretched white wave 5 is, the correction is likely to be deeper than expected. The MACD is flying in the ionosphere...it's probably not sustainable. IF this analysis is correct, then a sizable correction is likely ahead. What might be the trigger for such a big correction? I don't know but news or events shall arrive to justify the forecast.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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Hmmm...What news and events? How about BTC and crypto making a run up!!!
@fenghuang SUCK MY DICK!!!
And they say Crypto is a bubble, jesus christ this thing is going to implode.
Crypto, @amberlamps, is the pin
Mastercard Incorporated (NYSE:MA) recent decline occurred on low volume with 2.75 million contracts changing hands on 15-May-18. That’s down from its daily average of 4.04 million contracts. The first sale was made at $191.01 but later the stock became weaker, and closed with a fall of -0.06%. It was last traded at $192 apiece.
"Opt OUT of FIAT & Opt INTO Cryptos" ?
Clearly this is gonna start correcting soon. So if it was me, I would definitely cash in. It's a perfect sell in my opinion, time to take profit.