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Tuesday, November 25, 2014

Elliott Wave Analysis of Visa (V) & MasterCard (MA)


 The advance from the 2009 lows appears to be in a 5th wave, so is suspect its a terminal wave. It met its objective where wave [5] = [1], just a general look suggests it counts well for a 5 wave move, so that's generally a clear sign of an impulse wave.

A closer look at wave [5] also suggests a 5 wave advance, although wave 5 of [5] could do with a bit more upside to complete its move, a strong break back under 250 would offer evidence that wave [5] is complete.

1st targets are 195 - 180


This stock virtually has the same look to Visa, so i strongly suspect when Visa reverses, so will MasterCard, it may see a bit more upside 1st, but a strong break back under 80.00 would be the 1st signs that wave [5] could be completed.

Target is 65 - 60