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dbar093
Oct 24, 2021 2:25 AM

VISA bearish analysis 

Visa Inc.NYSE

Description

V, bear flag forming on the daily chart. plus looks like a Head and Shoulders pattern forming which is a bearish pattern. Visa has earnings this week.
Comments
therealZuZu
This aged pretty well
dbar093
@therealZuZu Thank you!
wellitriedkinda
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?
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