im long in VISA and have been in it for a year ( SwingTrading ) Visa have been in a up trend since the lunch in 2008, and it have been holding the 50 / 100 MA PERFECTLY for many years ( unbeliveable ) Visa er a healthy business and i think it have a lot in it then it shows ( fundamental analysis is very positiv )
I have put in a green line, to show where the FIBO retrancement 0,681 ends. The plus side here is it just on the support line and could mean a posible new buy pos ( but we have to bare in mind the china VIRUS can have a small impacted on all stocks ) so we have to be carefull befor making the buy ( lets see if it holds the support line on monday ) or will it go down to the 50 MA line.
lets see what happens
your more then welcome to reply and share your thoughts
( This is not an investment advice - always remember to do your own reseach )
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.