Master Card
Potential Profit: ~10.50% based on Resistance level of $313.60
Potential Profit 2: ~22.5% based on resistance of $346(All time high)
Support Level: SMA line or $263.76
To be safe and to increase better point of entry look for a break above $282.51 or a bounce off the SMA line.
RSI: Tends to bounce around ~41 on the 1 Month.
Sell Off occurred due to the pandemic and the oil sell off. Fundamentally, I see this equity going back to all time high unless a new wave of surprising bad news comes in.
Potential Profit: ~10.50% based on Resistance level of $313.60
Potential Profit 2: ~22.5% based on resistance of $346(All time high)
Support Level: SMA line or $263.76
To be safe and to increase better point of entry look for a break above $282.51 or a bounce off the SMA line.
RSI: Tends to bounce around ~41 on the 1 Month.
Sell Off occurred due to the pandemic and the oil sell off. Fundamentally, I see this equity going back to all time high unless a new wave of surprising bad news comes in.
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