Visa has a lot of hurdles ahead if it wants to go higher.
A bear trend line has formed from the all-time high and the lower high on October 17th.
Today's high was rejected on the trend line.
Today's price also failed to break the upper heavy volume profile around $140.50.
Today's price was rejected at the 4hr 200 EMA.
The 50 EMA has crossed the 100 EMA....
This started to take off mid day today.
I already have two positions but looking for a third on a pullback.
My first entry was near the low of October 15th which was a test of the bull trend line.
Got a second entry near the low of October 16th which also tested the bull trend line and made higher lows from the day before.
Looking for a third entry on or...
This is a short term play that, if all goes well, could turn into a long-term play.
NYSE:VIPS is currently at the bottom of a micro uptrend channel (orange lines), looking to test the two major trend bear trend lines on the 4hr and Daily.
I'm using a low risk entry on the bottom of the channel with a stop under the low of today which would be a confirmation of...