Mastercard (MA) retraces for a nice entry (SODA)
Stock: Mastercard (MA)
Long or Short: Long
Entry: $531.40
Stop-Loss: $512.95
Chart: Mastercard (MA) Daily Swing Trade Setup
Reason for Trade: There is so much to like about the MA setup. The long-term consolidation of the price over the greater part of this year, followed by the breakout and retrace to the breakout level provided me with the exact entry point that I was looking for. The tight stop coupled with a strong target price gives MA a very solid reward to risk opportunity.
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