Mastercard shaping up for a potential test of the resistance along the descending trendline based on the weekly interval. Following the pullback that began on the 25^th of March, we can see the engulfing candlestick has invited buyers back in. The price is only around 2.4% away from testing the resistance, which approximately reads $478.80. Currently, the stock’s shares are floating on the market for around $468.53 a share, and with a break above the resistance zone, investors could yet again see a rally toward new highs and possibly the $500 mark. Towards the downside, the most clear support reads $450.12. A break below is likely to cause more profit-taking as a precaution for any deeper declines, but this could initially see the price return to the ascending trendline where the price level reads $433.16. From a momentum-based perspective, the indicators are looking rather optimistic once again. The MACD is seen turning positive this week, but it's important to note that the week isn’t over yet. In addition, the RSI turned positive last week, strengthening the bullish momentum bias.