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TradingElephant
Oct 26, 2015 6:10 PM

Visa Closing Rally Short

Visa Inc.NYSE

Description

Fibonacci Lines show a strong resistance level at 1.27, at price $84.59. Since the Gann has shown incredible strength along the 1:1 line, I expect a rally at the end of this strong bullish run up to the 1.27 Fib line. From there, I've placed a short to profit off a weakening stock that may retrace fully into the $45-$55 range over the year 2016. NYSE:V
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