Long term Visa will be a real winner as we move closer to a cashless society in which VISA is already a dominant player. Threats to the business are fin-tech innovative platforms and also crypto related products and payment solutions which ultimately decentralize power. Visa is one of those companies along with MasterCard that should be part of a well diversified...
Moody's upgrade of Visa to AAA3 status places it in a very exclusive club of only a handful of companies (including Microsoft). With financials like Visa has, it is difficult to see anything getting in its way short of a recession.
The technicals are extremely strong. We are in a textbook uptrend with higher highs and higher lows. The only drawback is that we...
Bulls Bears it doesn't matter, I am bullish in the world economy, only way is up think about the 1920s... then the market crashed hard afterwards, would you like to repeat it? and reap the benefits? Stay on your toes fellas, but I think SP500 is about to break out.
Made a VISA chart to compare against my paypal TA. very similar wave structure, but paypal will have more volatility. See my short term PYPL chart for entry targets.
Looking at major indexes (SPY/ DJI), the top is close. Whether youre a bull or a bear, the top of this 2019 rally is close... Algos will certainly be selling the ATH's if we even get that close....
I posted this a while ago, and I revised it a little. Looks to me like this is going pumptarded on earnings to complete the wedge.
No position, staying away from this Ponzi scheme.
Hope this idea will inspire some of you !
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Phil
Watching Visa complete a Cup & Handle formation as it prepares to break out into fresh highs for the stock. Breaking into new highs provides little resistance for price to run, other than fib extensions and pivots. The C&H pattern provides a measured move of $30 to a potential target of $180.
NYSE:V is hours away from retesting its October 1 2018 high of 151.
If the price manages to break above the previous high, this will indicate a recovery from the price drop in October and a continued upward trend.
If not, the price may drop back to its support level of 130.
Visa Inc. (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants. The Company's transaction processing network facilitates authorization, clearing and settlement of payment transactions and enables to provide its financial institution and merchant clients a range of products, platforms and value-added services. The Company is a retail electronic payment network based on payments volume, number of transactions and number of cards in circulation. Its products/services include core products, processing infrastructure, transaction processing services, digital products, merchant products, and risk products and payment security initiatives.
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