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InvestingScope
Sep 20, 2023 4:29 PM

VISA: See the excellent levels this strategy offers. 

Visa Inc.NYSE

Description

Visa has been trading inside a Channel Up pattern but lately with the 1D technicals neutral (RSI = 50.905, MACD = 0.560, ADX = 28.391). This is despite staying on high levels, finding support on the 1D MA50.

As long as this and the Inside HL trendline hold, we are bullish, aiming at the Inside HH (TP = 251.00). If the price crosses below however, it is very likely to see a 1D MA200 test. Don't buy though before the 1D RSI enters the 0.236 - 0.0 Fibonacci Zone, which has been the strongest buy signal when the last two HL levels of the Channel Up formed. As previously, we will again aim at the Inside HH (TP = 252.00).

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Comments
Lingrid
Impressive strategy!
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