Mastercard Incorporated (MA), provides transaction processing & other payment-related products & services in the United states & internationally. The company offers payment related products to integrated products & value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments & other organizations. It is headquartered in New York, comes under Financial Services sector & trades as “MA” ticker at NYSE.
As expected from the , MA broke to new high in weekly sequence as the part of (3) of ((3)) of I. It should remain supported in 3, 7 or 11 swings pullback to see further upside in I of (III).
MA – Elliott Wave Latest Weekly View:
It ended (I) at $401.50 high as sequence from the all-time lows in April-2021 high. Below there, it placed (II) as double three structure at $276.87 low. Within (II) correction, it placed w at $306 low in November-2021 & x connector at $399.92 high in January-2022. Finally, it ended y of (II) at $276.87 low in October-2022 low. Above there, it already broke above (I) high, favoring upside in I of (III).
MA – Elliott Wave View From 7.03.2023:
It placed ((2)) of I at $340.21 low & (2) of ((3)) at $359.77 low. It ended (3) at $490 high as 1.618 extension & appears ended (4) at $452.58 low. Above that, it favors upside in (5) of ((3)), which confirms above $490 high & can extend towards $499.4 – $514 area to finish ((3)) of I. Alternatively, if it breaks below $452.58 low, it can extend (4) correction before turning higher. We like to buy the pullback in 3, 7 or 11 swings at extreme areas, when reached.
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Source:-forecast.com/stock-market/mastercard-should-continue-rally-in-a-bullish-sequence/
