christianmartin4746

V looks to put money in your wallet

Long
NYSE:V   Visa Inc
V just came out of an double top trend and it looks to have a strong reversal

- In the past, V has respected the midline of the pitchfork as a resistance level
+ Fibonacci extension have resistance level at 245.28
+ According to pitchfork that would be around October 8

- V tends to respect the 4.618 fibonacci line
+ It bounced off it perfectly as a support level
+ At that same point V bounced off the 200 EMA - that indicates low risk high reward

- Using a fast moving MACD (5,35,5), the MACD line just crossed the signal line
+ The RSI is bouncing from 31.57 - the last time the RSI was that low was January 27, and afterwards was a pretty strong trend
5 hours ago
Comment: If V falls then its support level is

Comment: Perfect bounce off 228.04 entry point
Comment: V Should start trending up this week.
- $233.58 acts as a resistance level
- $230 and $227 are two potential support levels
- Still looks good to go to $241 but that growth would be slow; it would be around October 8 when it reaches that point