Mastercard (MA) retraces for a nice entry (SODA)

mastercard swing tradeStock: Mastercard (MA)

Long or Short: Long

Entry: $531.40

Stop-Loss: $512.95

Chart: Mastercard (MA) Daily Swing Trade Setup

Mastercard MA swing trade long

Reason for Trade: There is so much to like about the MA setup. The long-term consolidation of the price over the greater part of this year, followed by the breakout and retrace to the breakout level provided me with the exact entry point that I was looking for. The tight stop coupled with a strong target price gives MA a very solid reward to risk opportunity. 

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