2waytrading

Bearish Triangle

Short
BATS:V   Visa Inc
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Early Jan 2013 we called that $V was ready to correct and pulled back to $154.75 4.9% from 162.77 area. The stock bounced back to $160 area but failed to hold. Its forming what looks a bearish triangle if it breaks there is another chance to see 5% from from this level or a target price at and around 151.50-$150. If you decide to short, make your stop loss at recent swing high at $160. Join us http://www.woowtrading.net