Mastercard headed to 270

Mastercard headed to 270

Visa has been on a tear recently and is at all time highs. I wanted to make a play on Visa, but since it is at all time highs, I couldn't calculate upside targets on Visa. So instead I charted Mastercard. MA is at support at 248, I expect MA to hit 270 by the end of May. Support is at 233 and trendline A. A 20 point move in MA is an 8% move, so correspondingly I expect Visa to hit 98.

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