Daily Chart of MA
MA was consolidating for four months since April.
In end-July, MA tried to break off this consolidation with a big gap after earnings. However, the overall weak market brought it down.
After filling the gap on 5 August, MA made another attempt to break off the consolidation.
On 15 Aug, MA made a continuation gap to break above the resistance.
MA is now ready to move higher.
MA was consolidating for four months since April.
In end-July, MA tried to break off this consolidation with a big gap after earnings. However, the overall weak market brought it down.
After filling the gap on 5 August, MA made another attempt to break off the consolidation.
On 15 Aug, MA made a continuation gap to break above the resistance.
MA is now ready to move higher.
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