Mastercard (MA) is has done some interesting things in gapping up on volume to form left side of the Head, then wiping those momos out on the other side and crashing the MA 50. It then bounced and found a now down-turned MA 50 to be resistance.
That’s a bearish potential topping pattern that would become an actual topping pattern if the support line breaks. MACD is red and this thing is losing momentum rapidly.
The implied target is around 60. Now it is a battle between the MA 200′s (support) and MA 50′s, resistance.
