Room to run for VisaVisa experienced a breakout on the weekly chart, breaking a trend back to January 2014 (nearly 4 years). If shares can maintain the resistance-turned-support trend line, shares are heading higher.
Visa
$MCO Visa Card? Monaco No Beach BumWith the rumors of a possible Monaco Visa Card, we're seeing a steady rise for $MCO. Next stop up is .00348421. Hopped aboard before this token shoots right past it's ATH. Life's a beach when you're holding Monaco.
VISA sweet spotVISA sweet spot . Mulitple trend line resistance . Note that earnings have not improved in past 2 quarters but price is up 18% ..
Mastercard Always Drops When This HappensMastercard has been in a bull trend since 2013. On five occasions through this bull, three of the technical indicators discussed below are at the same or higher levels than they are now. I have laid out the reasons and levels to which the stock may dip while it most likely continues its overall bull trend.
When we look at technical indicators, the relative strength index (RSI) is at 76.2216. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. Currently the RSI is oversold.
The positive vortex indicator (VI) is at 1.3193 and the negative is at 0.5613. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The positive and negative values are currently at extreme levels which the stock always retreats.
The stochastic oscillator K value is 95.5822 and D value is 96.0369. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The stochastic is currently overbought. The D value just crossed above the K value meaning the stock is most likely beginning its descent.
Since the current long-term bull began in 2013, there have been five times when the RSI and the positive VI were at or above their current close while the stochastic was also overbought. These occasions led to a drop in the stock. The median drop occurs over 10 trading days and results in a 5.97% loss. The minimum drop on these occasions was 3.19%.
Considering the RSI, TSI, VI and stochastic levels, the overall direction favors a move to the downside. Based on historical movement compared to current levels and the current position, the fund could drop at least 3% over the next 25 trading days if not sooner.
$V continuation pattern breakouthigher time is in strong uptrend and showing strength
intermediate time frame also in uptrend and rising moving averages with the shorter time moving average slightly flattening showing consolidation with price trading around it
price is seen here forming a resistance at the 96.16-96.17 area with the three price rejection candles
forming a ascending triangle possibly looking for more retests of the resistance and higher lows to show buyers conviction
this is mostly a monitoring situation not a play yet
on the lower time frame- it is showing a bullish rectangle pattern- longer it stays in the range more energy will be built for the possible breakout move
just have to watch what price does in the upcoming couple days
measured move is a .33 move if broken out of resistance which will bring price to 96.50 area and extension level .618 at the 97.1x area
5.17.2017 Trade Idea: VIf you are interested in more of our trades, check out our profile and Tradingview Indicator @ChaoticTrader
Another indicator Visa will move upHistorically when the RSI reaches this level the stock moves up at least 1.00% over the next few weeks with an average move of 3.75%. The stock will most likely fall over the next few trading days before testing resistance at 83.70. I plan to place CALLS over the next few days on the dip.
Visa pointing up soonHistorically when the coppock curve reaches this level the stock gains a an average of 5.11% over the next few weeks. Because Visa has had 4 consecutive days of solid gains, it may drop over the next 1-2 trading days. Buying the dip would be a great options play. The pink zone is the target area for the price to reach. My conservative play is a move to at least 83.70 which has been a frequent area of resistance.
VISA is in critical price level. Bull or Bear will dominant? Visa is trying to make fourth test to break and close above $82 on weekly chart.
VISA,V at critical level (Weekly Uptrend Channel Support) VISA: Critical Support Level. Price unable to make new high after several attempts.
Potential for bullish reversal, but chances to break below channel is there. # However, do not short Visa as it is Strong Fundamental Stock. Overall performance is uptrend since IPO.
Enter for long position if price break above R=82, SL level set below S=75 or below uptrend channel.
Just day-trade the trend. H&S pattern forming the right shoulder.. after that a descent to lower price points.
$V Long and shorts $V seems like it is breaking down, I've marked long levels and potential shorting level/area. I don't think it can go anything below 55.xx, means downside risk is smaller, favouring longs myself.
VISA TO DROP AT LEAST ANOTHER PERCENTHistorically, when RSI reaches its current mark, this stock drops at least another 1%. On average it is actually 4.34% with the minimum drop of 2.64%.
A conservative play is a drop of 1.70% to fall in line with the bottom of the trend channel. Anticipate a 10-30% minimum profit from a solid PUT.
VISAmoney.cnn.com
en.wikipedia.org
visa is a short candidate. It is making a triangle pattern. If you see the red dotted line and the light green dotted line then this triangle formation may continue till next quarter of 2017 latest. But technical indicators are weak anyway. Charles Scharf need to sell his VISA stock and options as soon as possible to avoid any loss.
V: Following AXP's footstepsWe have an interesting signal here, potentially very bullish breakout to come after earnings in V.
You can take the long position following my stop loss reccomendation, or simply size it to risk 0.5-1% based on this stop loss distance. Risk would come at $3.01 per share give or take.
For more setups like this, message me or Tim West, or visit the Key Hidden Levels chatroom.
Good luck!
Ivan Labrie.
V ( VISA ) - topping formation on weekly or new buying ?VISA had a strong run-up during the bull phase of 2009 - 2015. We will see if this is topping out like the general market, or if buyers take it above recent highs. Patience is best, I`ll keep it on my watchlist.
V $70.16: Rallies towards 5-month rising wedge upper boundsV forms a 5-month rising wedge as shown on the weekly chart while posting new record highs. Further strength would open 72.74 (0.618x 48.80/67.33 from 61.29), near the wedge upper bounds, ahead of 75.07 (0.618x 16.23/58.88 from 48.71). The 66.84 area (near April 6, 2015 weekly range high and rising wedge lower bounds) should support dips. Only a break below the latter would caution for further weakness towards 64.35 (April 13, 2015 weekly low).
Outlook:
Short term: bullish
Long term: bullish
Ready to declineVisa has unfolded in a clear impulse wave since its 2009 low and regardless if we stutter higher the next big move of consequence will be on the downside towards 200.
I am bearish overall and Visa does not seem to be able to close above the upper trendline bolstering my confidence it is rollling over.
How it will reach the previous 4th wave zone ( 230-200 ) will tell us if there's more upside for long term but for now I am bearish and watching the basket carefully.
