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As I wrote several weeks back, the credit card plays, led my MA, continue to act constructively on multiple timeframes. I do not have a position in MasterCard yet, but we are looking for a move above $260 for the weekly breakout, as illustrated in that prior post (still in a symmetrical triangle). On a daily timeframe, we can see below that the stock has based out nicely, and is trying to pierce the $253 level.
It is also worth noting, regarding other credit card plays, that DFS has performed very well but is a bit extended to the upside for now. V has been a clear laggard, but on a weekly timeframe could easily be bottoming here. Finally, AXP is sporting a coiled weekly chart, seen below, and should be watched very closely along the lines of MA for a longer-term breakout.
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Me likes AXP.
regards
chuck
I figured you for more of a Visa carrying kinda guy.
regards,
chess
I just bought clarithromycin for my sinuses with my mastecard, fate?
Yep