Hey dbar, I'm fairly new to investing. I've been watching Visa for a dip like this, but does the price action mean it is going to continue being bearish?
therealZuZu
⋅
@wellitriedkinda, I believe that the price action may remain bearish until it tests 205 before attempting to make a retest resistance of 240. The sell-off from earnings volume played a huge role in that run-up. Had they not provided a 17% increase in dividends I think it would've been more drastic
therealZuZu
⋅
@wellitriedkinda, if you are holding a long position, I would look to perhaps buy the dip around 205 or lower.
wellitriedkinda
⋅
@therealZuZu, I think I'll look out for that dip to 205, maybe 210 if it settles. I was just looking to make a short term play here for a few percent. Thank you!
therealZuZu
⋅
Yea retail settlement was very bullish for sure but they forgot the bigger picture.
andrewjclyne
⋅
where does it go from here assuming the cfo doesnt put his foot in his mouth again?