SuperciliousOne
Short

Visa Looking Broke

NYSE:V   VISA INC
63 1 2
Visa looks ready for a big move down as I see the next wave of selling taking it to 160ish and possibly lower. The company has been buying up to 5 billion worth of stock back with 1.9bn left after the June quarter. Given the stock has not been able to make new highs even with the aid of a buyback, I see very little upside. You also have the NYSE which is sitting on key trend line from 2009 and it has reached multiple fib extensions from 2010-2011 suggesting the move is exhausted. Look for a nice correction or full on deterioration over the coming months.
deanshuker
2 years ago
good lick ill join to you when V will broke down the 200 :)
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