Shares of MasterCard Inc., one of the largest American transnational companies providing payment services, are trading at 515.00.

On the daily chart, the price is approaching the resistance line of the correctional ascending channel with dynamic boundaries of 535.00–500.00, renewing the year’s high again.

On the four-hour chart, the probability of continued growth has recently increased significantly as the quotes are above the previous year’s high of 500.00. If they consolidate above, further movement will continue in an upward trend with a global target of 550.00.

Technical indicators are holding the buy signal: fast EMAs on the Alligator indicator are above the signal line, expanding the range of fluctuations, and the AO histogram is forming correction bars above the transition level.

Trading tips

Long positions may be opened after the price rises and consolidates above 520.00, with the target at 548.00. Stop loss — 510.00. Implementation period: 7 days or more.

Short positions may be opened after the price falls and consolidates below 506.00, with the target at 469.00. Stop loss — 520.00.