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
$NFLX has bounce off the lows of $52 twice and seems ready for a rebound. However, on the Ichimoku chart, it is stil in Bearish territories. Couple of resistance ahead. 1. Huge gap resistance formed back in July 2. Chikou Span resistance at around $65 3. Immediate resistance from the Tenkan sen at $57 to… Continue reading $NFLX . Will it go above $65 again?
I have shorted $NFLX since it gap down on Apr 24. Overall, the Ichimoku chart is showing very bearish signs for NFLX. 1. It is now trading below the kumo 2. Bearish cross has been confirmed Target price $68 range.