On one day chart price is forming new high on the peak. Below 186.36 confirm bearish. The price has Strong internal support 186.36 near this level. The volume declining but though, it has more volume then normal. As it has a support price can move up. If the price cross the 202.34 level it can still further move up-to 208.54
As people all around the world now got stuck inside there home it is obvious that people can’t spend so much and visa stock is going down but as soon as the corona virus outbreak ends,people will start to spend using their visa card and the demand of the visa will sky rocket and perhaps making a new higher high in the technical analysis.
Dates in the future with the greatest probability for a price high or price low
hidden bullish divergence, a situation in which the oscillator produces a lower low while price maintains a higher low. Visa is a very consistent stock and has produced some great returns.. Very nice opportunity for a long entry if you don't believe in cryptocurrency's power ;) Currently sitting on grey EMA.
Visa became today the largest S&P500 company to hit new All Time Highs since the May correction. 1D is on very healthy bullish levels (RSI = 60.091, MACD = 0.770, Highs/Lows = 1.7236) to ensure further uptrend. What is particularly interesting is that the price action since early May is identical to the January - April 2018 candle sequence. Even the RSI pattern...