Weekly Outlook! 6/28 - 7/2Check out what stocks we are watching for the coming week! As well as a recap of last week's video!
NASDAQ:BYND
BYND we are looking for a breakout of consolidation that we've been seeing over the 200sma. Confirmation level is over $152 but can take anything with good strength over $149
NYSE:MA
Looking for a nice breakout over the $380 level as we saw a nice long term trend support bounce last week!
NYSE:UBER
Uber has been consolidating over the 200sma over the past few weeks. We finally look ready to take another move up with a breakout over $52
NYSE:DIS
DIS looks to be breaking trend resistance. This is a play we entered last week. We'll see a new short term uptrend confirmed if we can hold the $181 level this week!
Mastercard
Mastercard (MA), still moving in rangeMastercard is another credit card and digital payment company. Similar to Visa, Mastercard has also hit its all time high this year on 28 April at $401.50. The price is currently moving in a range between $356-$370.
There seems to have some rejections around $370. The price needs to break above $370 before reaching target $387. The nearest support would be either $356 or $344, depending on risk appetite.
Anti-competitive allegation (boo) - $235+ target 2021 (yay)What a juicy entry into Visa.
I have worked closely with Visa, and these are some of the big points I think will work in their favour:
> Right where the stock was before the pandemic crash in March 2020. What?
> Olympic year -- Olympic years are good years for VISA as a TOP partner of the International Olympic Committee. Sure, we are a bit worried about how will the Olympics really look this year -- things seem a bit messy in Japan, but, if Japan can somehow get it together with the vaccines and protocol in time for the Games allowing some tourists in, this could be a good year with definitely stronger anticipated earnings for Sept/Oct earnings call.
> Travel and spend -- VISA's main revenue source isn't your domestic spend. Sure, the pandemic has perhaps even surprised VISA, as they reported positive earnings with online transactions and local spend -- but once those boarders open, the spend during international travel is where the bulk of the revenue will emerge from. I feel (and I could be wrong as who knows how safe management wants to play it) -- VISA will have fairly positive guidance during the May earnings report, which will be a big catalyst for the stock to jump and set all-time-high. If not then, I would still hold a position for 2021, because as things get better and people travel, they carry Visa in their pocket.
> Cryptos 'r' us + Dividend -- Few months ago VISA announced a Bitcoin based loyalty points program as a new product in select markets. VISA doesn't go "all in", but that's why I like VISA as a less risky yet growth-like stock. It can make strong moves upward, but, also keeps paying a tasty dividend.
I had de-risked by taking profits on VISA a few weeks ago. I did miss most of the rally we saw last week, but profit is profit and they still paid me the dividend. I have been looking for a re-entry when I felt the stock cools and a pattern becomes more obvious.
BUT WAIT...
While this dip is super tempting, I am not going all in just yet. VISA dropped so sharp on allegations of anticompetitive practices, as the department of justice investigates claims that VISA channeled transactions over their own (more expensive) networks for retailers, rather than giving them options to transfer through other networks (which is their legal right and possibly cheaper). What this means is that investors don't like the shock, and decided to take profits. What I will watch for is how the narrative develops over the coming week. If the market is generally recovering and the VISA news has no major follow up, great. If there is more news, we could even get down to $190s. I don't expect the stock to break that support.
Good luck traders!
Algorand Partners with Linux and Canadaalgorand already successfully hosts a digital currency on the marshal islands and has a hundred other partners. here are some of the things its done lately. this blockchain does not advertise to traders, so do your research and make a decision while you still can. not only do i think it will rise, i think it will destroy eth and all of the other coins into oblivion with the partnerships its been forming.
these are all from the last few days except the last one which has sources from january of this year.
Linux Foundation will use Algorand
Launching an identity platform
www.linuxfoundation.org
Stablecorp Canadian Dollar QCAD on Algorand
QCAD is the digital representation of the Canadian dollar on the blockchain
www.prnewswire.com
Mastercard and Algorand (Unannounced and Unconfirmed)
Read the future of payments report. Algorand is the only blockchain that collaborated on it with Mastercard.
www.mastercard.us
www.mastercard.com
www.algorand.com
www.omfif.org
they are very sneaky, they make their alliances with umbrella corporations like "borderless capital" to stay under our radar. watch out for this one.
ALGO Bullish Trend and "Future of Global Payments" Report updateShwatup doe! Hope you are healthy, wealthy and blessed!
Here we take a closer look at ALGOUSD on the 4 hour chart!
ALGO has been ranging between $.36 and .47 over the past few days; gaining strong support at $0.38 and at the current level of .3950
Volume and Money Flow have been increasing dramatically...
If .47 is broken, we could see a quick move to the $.53 area, but we need to hold $.43 as support. I am bullish short term and long term, but cautious at this point as Bitcoin is in uncharted territory and the correlation is obvious.
DCA (Dollar Cost Averaging):
Look at fib levels for entry points at support and buy any dips at these levels. As price moves up and resistance becomes support, act accordingly. Use stop loss and take profit at resistance zones, and watch for breakouts that come back to test previous resistance as new support for entry signal as you don’t want to miss the move up!
I think a great entry is anything between .36 and .40 and a good entry is anything at or below .43 for the current price action, with stop loss just below support at .36 as to not get stopped out and miss the next move up! But that’s just my opinion.
Possible short term bearish scenario:
If $.47 cannot be broken on the next go at it and if we cannot hold the $.43 as support, AND If btc corrects and money doesn’t flow into Alts but Instead into fiat (which doesn’t really make sense to me because the US dollar is increasing in supply as I have already received my stimulus check as many of you have), it is possible that btc will take the whole market for a correction.
And as for “The Future of Global Payments” report, here is the link to download the 64 page report from ALGOrand.com —-
info.algorand.com
This report from the DMI (Digital Monetary Institute) and OMFIF - (the Official Monetary and Financial Institutions Forum) , contains contributions from Algorand, who’s name and logo appears next to the likes of contributors:
MasterCard,
Citibank,
PayPal,
GrabPay,
Swift,
and more.
Notable quotes written by Steve Kokinos, chief executive officer of algorand:
"THE economy functions on complex systems that present challenges and opportunities when it comes to payment services for consumers, businesses, governments and financial markets. Legacy financial systems do not have the efficiency, trust or accessibility needed to advance global payments. Blockchains solve this by bringing trust to otherwise untrusted systems. (...)
Implementing trust through legacy methods and available technology is simply not feasible. The path to generating trust is through programmable systems and programmable money, or real money that is represented digitally. (...)
Blockchain offers a completely different way to organise and manage payments systems. It provides real-time, cross-border payments worldwide –
and even new ways to store value.
A platform like Algorand, paired with fintech’s latest developments and simplified developer toolkits, has the potential to take the lead in the race for payments innovation."
Thanks for reading and thanks for your support!
As always do your own research, I am not a financial advisor and this is not financial advice
and
ONE Love ❤️
Clear bullish Strenght on the Market / MASTERCARDLet's see why we expect more bullish pressure coming on the market based on technical items.
a) The price made a new ATH in September 2020, and after that, we observed a Massive Corrective structure. (This type of structures can tell us about the Accumulation process going on)
b) In November, we observed a breakout of the Massive corrective structure
c) Now, after a month of the breakout, we can see a minor corrective structure on the edge of the previous one
d) Based on the current levels and structures, we expect a continuation of the bullish movement IF the price breaks above 354 (Above the previous All-time high)
e) Our Targets are 375.98 as the first level and 402.18 as the second level.
f) IF the price goes in the expected direction, we will wait for a 50 days resolution.
MA (MASTERCARD INCORPORATED) LONG SET UP (EARNINGS)TITLE/(DATE)- Buy LIMIT MA
ASSET- MA
PLATFORM- MT4
ORDER TYPE- Market first entry / Buy limit second
Time Frame- 1D
ENTRY PRICE 1- $314.50 (Market)
ENTRY 2- $307.50 (Pending)
STOP LOSS- $300.50 (140 PIPs)
TAKE PROFIT 1- $328.50 (140 PIPS)
TAKE PROFIT 2- $342.50 (280PIPS)
TAKE PROFIT 3- $356.50 (420 PIPS)
TAKE PROFIT 4- $370.50 (560 PIPS)
STATUS: ACTIVE
Aug-27-20 Initiated Mizuho Buy $400
Jul-21-20 Resumed Daiwa Securities Neutral $314
Jul-14-20 Initiated Goldman Buy $364
Mastercard 30 Min Timeframe (Elliot Wave)Downside potential toward 50% Fibbonaci line before starting the Waves 5 on 30min timeframe chart.
Watch out the price closely when it hit 50% Fibo line as it may start the Waves 5 for short term trade.
Just an Ideas. Trading involves significant risk. Trade at your own risk.
Do you want to copy my stock trade hassle-free? Join me in Etoro. www.etoro.com
MasterCard LongHey everyone,
MasterCard just bounced off the trendline and is well relaxed with it's RSI. In addition to that the cloud gives a solid support. That's why i think MasterCard will start in Wave 1 now.
Entry: now
Stop loss: 315$
TP: 395$
CRV: 3.7
Much fun witrh that trade!
Leave a follow please, my goal is 200:)
Master Card on Long sideNYSE:MA
1. Price retraced to 50% fib and successfully pivoted on 50MA.
2. Bullish pin bar was supported by 50MA, followed by confirmation with bullish mark up bar.
3. Trendline that supporting the down wave, confluence with the reversal.
4. On Volume profile, Point of COntrol show significant support zone too.
VISA swing idea$V #V Wait for bearish momentum to cool off, 50ema (red line) at support, if it bounces and cross 20ema (red line) will rocket to the pre-market crash level.
Very good risk/reward play backed by exceptional company fundamentals and future prospects.
PriceTarget: 215
Stop loss if going under the 50ema or 200$.