Visa - An intraday perspective

BATS:V   Visa Inc
With a p/e ratio of 138, many wonder how much higher V can go without a meaningful pullback. Fundamentally a strong company with a forward p/e of 19.5, this rise could continue for quite a while, or not.
An imprtant target is the 150 area and that is reachable without negating the Intermediate Term short.

We have identified entries, the larger of which is for Week charts but shown on the 60 min time-frame because the day and week charts update only sporadically. The targets shown are for intraday 60 min charts.

If you are trading intraday short, we have identified the first area that longs will attempt to buy and did buy, and if you are trading short, we have identified the areas and targets where the sellers will resist. Killing two birds with one stone.

Trade the chart.

Should have published this earlier, before the open but analysis is still valid.

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