Hi traders!
We expect the price go higher to the up sloping resistance. After reaching the resistance we expect the price to go down towards the down sloping support.
When the price meets resistance it is time for short position. Our target is at the support line.
I am Bearish on Visa. the underlying asset performed well, and now I think it is time to be back somewhere in the 230s to be bullish again. However, there still an unfilled gap and it could be that it
🔹 Last week, VISA experienced a decisive break below a long-standing ascending channel, marked by an unambiguous weekly and daily close. This occurrence constitutes a potential bearish signal, which may swiftly herald the commencement of a substantial downtrend.
🔹In scrutinizing Fibonacci retracement levels, it is notable that a definitive rebound materialized...
this is my bullish technical idea and price action analysis . now wait for come previews support and resistance zone after trend continue to uptrend you can entry .because overall uptrend .you can see it .however this is my opinion only no more signal
Visa closed below its 200sma for the first time this year. Looks to have painted a beautiful head and shoulders pattern, however this has not been confirmed yet (no close below the neck line). It does look as though momentum is shifting towards sellers with the lower highs and with bearish convergence on the oscillators.
Weekly Chart of Visa.
Visa has had a very long and steep run from 2008 to 2021.
The Corrective Wave looks like a 3-3-5 regular flat correction, where the B wave retraced more than 90 percent of A wave. Currently, C wave is forming. Wave 1 of C wave has formed and wave 2 of C will retrace further, maybe even up to 78.6 percent of wave 1. There is support from...
Visa processes more than $11.6 trillion in gross dollar volume (GDV), made up primarily of digital payments with the remainder being things like ATM withdrawals, B2B transactions, etc. Alongside Mastercard, which is en-route to process $9.2 trillion, this makes Visa one of the two largest payment processors in the world. The company evidently has a wide moat that...
📶 S T A T I S T I C A L A N A L Y S I S
Current 50-Day Market Trend: short/sellers/negative.
Next Swing: positive to resistance.
Next Wave: buy wave to the ceiling.
Next 50-Day Market Trend: long/buyers/positive.
Trade Type: Touch & Go don't wait for a close.
💵 E A R N I N G S A T A G L A N C E
Release Date: 10/24 AMC
Quarter:...
If you haven`t sold V Visa ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of V Visa prior to the earnings report this week,
I would consider purchasing the 230usd strike price Puts with
an expiration date of 22023-11-17,
for a premium of approximately $5.15.
If these options prove to be profitable prior to the earnings...
NYSE:V
Bullish Target Price 1: $241.81 appears as an immediate resistance point, given the horizontal line drawn around that level.
Bullish Target Price 2: If the stock manages to exceed the first target, the next potential bullish target is $244.73.
If the stock price falls below the bearish line located at $238.33:
Bearish Target Price 1: $237.67 seems to be...
Visa is rising gradually after finding Support firmly on the MA200 (1d) and the bottom of the Channel Up.
In accordance to the previous Channel Up rises, when the MA50 (1d) closes a candle over it, the rally will be confirmed.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 252.90 (All Time High).
Tips:
1. The RSI (1d) rebounded from below the...
Hello There!
Welcome to my new analysis about VISA INC STOCK on the 4-day timeframe perspective. In the recent times the stock market is developing highly differently with stocks that show either bullish or bearish inclinements. In such times it is necessary to pick stocks that have bullish potentials as long-candidates and stocks that have bearish potentials...
