MasterCard will move higher, targeting 620, as the breakout above 580 is genuine and the stock held above VWAP.
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We'll start with uh MasterCard. Now, MasterCard and Visa both popped today, really, really nicely. Uh 3.2% here, 3.3% here. Uh apparently, um Trump uh there was a financial disclosure.
It's a typical thing. Nobody's doing anything wrong. Um that his investment accounts bought millions of dollars of both of these stocks, but this is clear back in June. So, it was finally, "Hey, nice trade, dude."
By the way, hope you got them around 500 cuz they're about 600 now.
Um one is that uh Bill Ackman's uh fund disclosed uh sizable portion, like roughly 1 to 1.25 billion dollars worth, which is kind of big. So, you can see here with with MasterCard, if we just look at it this way, this is a really nice move.
It's a nice breakout right above 580. By the way, this is going higher. This isn't going to be a fake out. I'll tell you why in just a second. But um this stock is now at 600 bucks, definitely on track to keep going tomorrow.
Here on the 10-minute chart, this is really interesting. Okay. 10 minutes in, the move's over. The money's been made. Boom. You got a really nice pop right at the open. So, if you weren't here right at the open, you kind of missed the move.
All right? But here's the thing. This little orange line here, this is the volume-weighted average price. What's important is, and you'll see more of this on Visa in a second, what's important is that the stock runs up above the volume weighted average price and never falls below it.
I mean, it did for a minute, you know, some algorithm was probably out going to the bathroom, uh came back and then started buying again. But, um this is the way you can really tell whether a move is {quote} real, whether it's going to hold.
And that is you watch to see how the stock acts after the morning run. Will it stay above the volume weighted average price? In this case, it did. So, I think all systems are go and this should blast through I think 620 is definitely a reasonable tentative price target.
I don't like to really give price targets per se because it's really just tantamount to guessing, predicting, which I don't like to do. But, there you have it.
So, the bottom line is for both of these, I think you got to be in these stocks. Uh if you've been looking for stocks to buy, these would be two. When you see moves like this, like in a big mega cap stock like like um like Mastercard.
This isn't just a one-hit wonder where that tomorrow it's going to be back to 580. You might get that on these goofy biotech stocks or some of the smaller cap names, but on a stock like Visa uh Mastercard, these moves when they happen, they're real. So, you can expect these both to move higher.
Well, this was the breakout at 580, right? Well, this is another big breakout area that it's not quite broken through. So, it's like it it breaks through one resistance area at 580 and pushes right up against another resistance area at 600.
So, we could probably expect to see a little bit of wiggle and jiggle going on here tomorrow, but I think ultimately this one's going to move higher.
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What this channel has said about $MA
Stock Market Mentor has only this one call on this stock.