Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.
Mastercard hit a high of $400 in May and has since retracted back to the 50% fibonacci level of $356 before finding support.
It's been trending above the 100 day moving average and is currently sat right at that level making it a great candidate for a bounce up from here
RSI is currently rising adding weight to the bullish case
We're buying at this level and looking to take some profit around $383 with a potential move back to the previous high of $400
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .