MasterCard ($MA) has been lagging behind its competitors in many areas in the market. More importantly, in the areas of innovation and new markets, it is now facing competition not just from traditional competitors like VISA but also the likes of PayPal, AliPay etc. The chart shows a bullish run up of MasterCard with good… Continue reading MasterCard ($MA) : Bearish Tweezer Top
Twitter ($TWTR) gap down on reports that its user base growth is slowing down. On the Ichimoku chart which is hardly form, this is probably the typical post IPO selloff. Should it have a counter-trend rally, the leading kumo forms a resistance at around $56.77
Following up on my previous post that an Ascending Triangle is forming. Yesterday’s price action has give us a confirmation that the price level has bounce off the Tenkan sen which is near the trendline of the triangle. On top of that, we have a doji formed. This is a good setup and the next… Continue reading $SPX . Doji and bounce off.