Thanks to an inverted H&S and a higher 10yr Visa rallied up to 225 resistance before pulling back. I dont think visa will break above 225 with higher yield movement or company news.
At 225 you have 3 resistances
1. 200sma
2.downtrend
3. fibonacci resistance
Look for a pull here possibly to 210.
Stop loss 227
Bullish Reversal head and shoulders on the 4 hour and 1 day chart in unison with fast ema's crossing slow ema's. Hoping for quick jump to 230+ in short term. Be careful if planning on holding for long term.
This is straightforward, the head & shoulders pattern gives a good probability of strong bullish action. Visa is a safe investment from a technical and fundamental perspectives.
V has a tasty looking inverse head and shoulders forming. Bears are trying to flex their muscles but if V holds 213 area it should be a nice pop up to 226
Despite all the good news about Visa, my opinion is that it will go down.
We can notice that a head and shoulder has been formed. This is a reversal pattern that have been taking form for almost 7 month. We can also see the volume that accompanied the neck break. (In a few words, this is a confirmation that there is a reversal in the market trend.
We can also...
The bouncing ball bounced ! No suprise there. Recently validate neutral RSI, now making an inverse head and shoulder for a potential wave 3.
Everything is on the chart, follow levels first :)
The roof of the descending canal is broken.
It has penetrated into the cloud of Como but failed to break it.
It has not been able to stabilize above the Como cloud and the descending channel.
It looks like it will improve in the next month.
It appears VISA has one more drop left for 5th wave to complete an expanding ending diagonal, after which It will be setting up f or a bull run. This is just for education purpose only, not an investment advise.
It appears VISA has one more drop left for 5th wave to complete an expanding ending diagonal, after which It will be setting up f or a bull run. This is just for education purpose only, not an investment advise.
Visa has had a rough quarter as fundamentals weaken in the increasingly crowded payments space. Now it’s rebounded toward areas where sellers may return.
The first pattern on today’s chart is the declining 50-day simple moving average (SMA). The credit card giant hasn’t quiet reclaimed this line but it’s getting close. It could be potential resistance.
Next is...
DISCLAIMER:
I am not a financial or investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed, or implied herein, are for entertainment purposes only and should not be construed as personal investment advice. If you decide to invest, please make your own...
Visa has paid in full for head and shoulder break down and stock has now reversed.
$204 to $205 can act as resistance area. Breaking above that area would be bullish. Looking like this could be a case of V bottom.
Target 1 - $212
Target 2 - $221
Target 3 - $231
Risk - unable to break above $205
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How to read my charts?
- Matching color trend...
