Be careful with this one. It is a highly risky trade from a technical perspective, however, I'm keeping the Stop Loss at circa -1% in order to preserve capital.
We traded V a couple of weeks ago, and . Visa is one of my favorite stocks to trade and it hardly disappoints me.
Corridor broken out after a 3-month correction following an incredible bull run. Multiple support confirmation on the 5-min chart. Support manage to hold up quite well even during the recent meltdown. Indicators are obviously not on our side, since we are playing the bounce.
Target Entry $201.79 Target Stop Loss $199.17 Target Exit $216.01
About me - August P/L: +203.83% | Wins 85.19% | No Trades without Analysis - Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
@BakiShirzadi, possibly. But I like the way it held that $201 support. But I believe we might be able to snatch a couple % points on the long-side before another pullback. This is a highly risky trade nonetheless, whether you go long or short.