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andrew.berg

Visa is heading lower and settling nice "h"-pattern

Short
Visa (NYSE:V)  
andrew.berg  
NYSE:V   Visa
weakness visa Head and Shoulders h-pattern strategy
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weakness visa headandshoulders h-pattern strategy
Visa was sold off agressively off the highs from $227.5 and bottomed at 195.00-197.50. It is settling in "h"-pattern now. It has recently formed a small Head&Shoulder pattern and the neckline looks broken with today's price action.

Entry: $211
Stop: above right shoulder $215
Target: $205 (2000 EMA) then $195 bottom from mid April

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