zorro
Short

VISA back to fair prices

NYSE:V   VISA INC
10 0 0
VISA has moved too much apart from the moving annual average , its equities are obviously overestimated. The last gap before the reversal wedge may be considered an exhaustion gap. The gauge moved along its targets within a wedge and reached USD 248, beyond the bound of the last gap. If the index pushes below USD 252, short positions may be opened with USD 248 target and further on, toward the 228 bound of another gap. There, where intensive trading is taking place, the gauge may reach a support level .

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