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phoenixfre1990
Oct 14, 2022 12:27 AM

Visa - Potential technical rebound 

Visa Inc.NYSE

Description

1. Fortune_TD, Fortune Banker trend :

Fortune TD 9, TD 13and Force 9 (from 25 Sep) show the trend exhaustion range, the green bar shows this is a potential share pull back. .
Fortune Banker trend, green line shows the banker chips flow in at the bottom, red lines show the profit money at bottom as well, then short money cross its 5 days average, potentially an uptrend begin.

2. First Up and Retrace :
03 Oct 2022, short money trend line gold cross, followed by the bottom exhaustion range signal TD 9, 13 and Force 9
First up happened followed by a the retrace as indicated by TD and share pull back signal.

3. Diverge:
Fortune Crown, red dot shows the share price is at bottom, and there is a bottom divergence today, the green bar momentum shows a positive momentum, potential uptrend after divergence.
Fortune Banker trend, short money trend line shows the bottom divergence, potential uptrend begin.

4. Summary:
Based on above analysis, there is a potential of technical rebound after a mid term down trend, cut loss 184.66.

Comment

Catch the bottom again!!!

Comment

Close some long position, high potential a pull back is coming

Comment

it is time to buy it back

Comment

194 is the support, as there is a gap between 25 & 26 Oct. However, the upward momentum is weak

Comment

still not yet break out the gap, be aware the risk

Comment

okay, slowly +++
Comments
phoenixfre1990
Sold out and let it pull back to support level 1st
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