FX.co ★ MA stock price approaching major resistance trend line.

Red line - resistance

MA stock price is approaching the red downward sloping trend line at $343. Price has so far been rejected three times when it reached this trend line. The last time the rejection was followed by a strong decline that pushed price below the triple bottom of $306. Price is making higher highs and higher lows. A break above the $343 resistance would be a bullish sign. However with the RSI approaching overbought levels, we might also see a bearish divergence in the Daily chart. Bulls need to be cautious and not over optimistic.