Stalking Visa and MasterCard for an Entry

The charts in Visa (V) and MasterCard (MA) are similar on both the weekly and daily charts, as they are both in very strong positions. Price is clearly above both the 200- and 50-day simple moving averages. The pattern is still clearly a bullish one of higher highs and higher lows.

So now that we are seeing some nice pullbacks in these two, I'm interested in buying the pullback. I'm interested in Visa on the buy side as long as the decline terminates somewhere above the March 19 swing low. I'm interested in MasterCard on the buy side, as long as the decline terminates above its March 19 low. Let's take a look at the zones that we may consider a buy entry against that come in above this prior key low....338 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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