MA Stock Chart

By Blain Reinkensmeyer on Jun 11, 2007

I am not a fan of Mastercard in this current trading range. The volatility increased decently towards the end of last week and two distribution days were seen. Also check out the MACD now which is downtrending and showing “sell” overall. I think the $135 lows from last week will be tested again, and perhaps the 50 DMA will show up as support. Regardless though I wouldn’t consider MA as a buy until it breaks into new highs above the $151 - $152 price range.

This entry was posted on Monday, June 11th, 2007 at 8:17 am and is filed under Annotated Analysis. You can skip to the end and leave a response. Pinging is currently not allowed.

11 Responses to “MA Stock Chart”

By Kevin on June 11th, 2007 at 9:17 pm

Hey Blain, how are you?

Not only is the MACD in sell mode but it also made a bearish divergence.

By Blain Reinkensmeyer on June 12th, 2007 at 7:46 am

Kevin, long time no talk man, I am doing pretty good!

I agree regarding the MACD, market is down again thus far this morning, will be interesting watch some of these stocks.

By c v on June 15th, 2007 at 6:55 pm

indicators lag price. price action is really the only thing that matters. MA bounced off its support resistance area of $135. c v

By AJ on June 15th, 2007 at 7:34 pm

What about MA now? .. It still is dowing negative divergence.. New peaks at a rising price with a weak RSI .. pullback coming?

By c v on June 19th, 2007 at 9:08 am

$30 since your original post…oops!!

By Blain Reinkensmeyer on June 19th, 2007 at 9:21 am

“Regardless though I wouldn’t consider MA as a buy until it breaks into new highs above the $151 - $152 price range.”

“$30 since your original post…oops!!”

May have been concerned about the bearish potential but I had my bases covered, got in with the break at $152.50. May sell half in this area around $164 and take some profits off the table.

By c v on June 19th, 2007 at 3:05 pm

nice job blaine!! just having fun with you. which network is hosting te reality series you are trying out for? when will it air? c v

By Blain Reinkensmeyer on June 19th, 2007 at 10:09 pm

no problems :P

Well, I will know all the details if I actually get on the show, lol. All I know right now is I find out if I made the final cut on June 29th, and filming will take place at the end of July for 2 weeks. I am keeping my fingers crossed.

By c v on June 20th, 2007 at 6:07 am

goo luck to you blain!!

By Blain Reinkensmeyer on June 20th, 2007 at 8:54 pm

Thanks man! :P

By 생활지혜 on July 23rd, 2008 at 8:37 pm

비만해소를 위한 식습관 10계명 !!

1. 식사시간은 적어도 20∼30분으로 하라.

2.한번에 20번 이상 십어라.

3.저녁식사는 오후 8시 이전에 끝내라.

4.식사중 TV나 신문을 보지마라.

5.지정된 장소에서 식사하라.

6.정해진 시간에 식사하라.