Visa on the Way Up? Visa - Short Term - We look to Buy at 217.06 (stop at 208.56)
We look to buy dips. Previous resistance level of 220.00 broken. 50 1day EMA is at 213.50. 20 1day EMA is at 213.00. The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be 236.42 and 246.98
Resistance: 237.00 / 250.00 / 260.00
Support: 220.00 / 210.00 / 200.00
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Visa
VISA (V) UpdatesVery positive Friday for Visa, which opens in Gap up and closes the day with an important + 10.60%.
Positive earnings and a recent drop due more to take profit and emotional sell-off on the news regarding the dispute with Amazon UK, had created excellent buying opportunities for the world's leading credit card company.
As documented in previous posts, I bought $ 212 in the area and was ready to trade at $ 190, without being executed for 10 cents ... hey, that's trading!
Now, for those who want to hold the stock for a long time, the recent upside matters to a certain extent, indeed, if it retraces it would be an opportunity to accumulate.
For those who are looking for a profit and had entered around my average purchase price or better, an interesting first level is in the $ 232 area, where we have both the POC of the last 6 months and a gap to close.
It is likely that when it reaches that level, the price will suffer and retrace.
Let's remember that, as soon as the dispute with Amazon is resolved, the action could have a session similar to the one on Friday and, of course, the opposite is also true so I recommend following the story.
Happy trading
Lazy Bull
DISCLAIMER: I am not a financial advisor nor a CPA . These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
VisaVisa is a great stock, but everything points towards a near term drop.
1) At R1 resistance line (not pictured) with Standard Pivot Points enabled
2) Rising Wedge pattern - bearish
3) Resistance area provided by gap (see rectangle ) where no buying volume at all. It was solidly rejected yesterday intraday from this point. You can see the inverted hammer candle it left showing the rejection.
4) Chaikin Money Flow AND Chaikin Oscillator both have large divergences with price on the 4h bars. I consider these to be leading indicators.
I expect it'll drop to the $207-$209 area where there is both price action support and a daily bar pivot point . Re-evaluate from there.
BINANCE Bought Leading Crypto Visa Card Issuing Platform SWIPE !Binance Announces Swipe Takeover!
Swipe is the industry’s leading cryptocurrency Visa card issuing platform that enables users to instantly spend cryptocurrencies at over 70 million locations worldwide.
All current SXP utility will remain unchanged.
I think this is the beginning of something big! they want to build a rival for CRO.
CRO has a mk cap of 14 Billion while SXP only 400 Million at this point.
I think upside potential for SXP is huge from here: 35X just to reach the market cap of CRO!
Omicron fear?A thanksgiving not exactly calm, that of 2021, ruined by a really black Friday on the financial markets.
Omicron, the name of the new variant, is frightening.
We know that markets are driven by two main feelings, fear and euphoria. A nd it is my, our job, as traders, to stay away from both of these feelings, which do nothing but make us lose money and do the exact opposite of what should be done.
Those who know me know that I am absolutely a realistic person, I try to analyze the situation, without ever panicking at the moment, so I brilliantly overcome the coronavirus crisis, buying when everyone was selling and enduring even important drawdowns, only to be repaid.
Now, I’m certainly not saying that we are dealing with another V shape from -30% as in 2020, also because, those who have a bit of intelligence know that, given that we are talking about viruses, we will always have in front of us. of mutations, is its nature.
We must accept that we will have to live with it, using the weapons that science provides us.
Consequently, next week, considering that while I am writing to you news continues to arrive on the appearance of the variant in every European state, it is very likely that fear will continue to prevail, causing further declines, which by the way, as I have been writing for a while of time, they would be healthy.
All right but, when to buy?
And above all what?
The crux of the matter is the tightness of the vaccines to t he Omicron variant.
If, as has happened with the variants that have appeared so far, the protection is solid, then we could see a correction that could not go beyond 10-15% creating buying opportunities for a short Christmas rally.
If, on the other hand, vaccines should prove ineffective, rest assured that volatility will rise and the correction will be more marked.
Never as in these moments, you have to be calm and wait for the news.
As for the markets, I believe we will see a sudden rotation in tech stocks, digital payments, and video games. As well as obviously social networks and e-commerce.
Beware of pharmaceuticals, because they are already very inflated, except perhaps Moderna, which has just returned from an important pull-bak, and Novavax which is in the pipeline with a new vaccine.
Those who follow me know that I am already positioned on companies such as Activision, Visa, Square, Amazon and Facebook (Meta). Accumulations could arrive on these stocks if they suffer a decline caused by a general sell-off.
If we talk about accumulation for the long term, it is precisely the companies that work in tourism and which are related to oil, those that could suffer the greatest discounts and consequently the best purchasing opportunities. I’m talking about Airbnb, a company I strongly believe in, where I have an excellent average purchase price, and I will certainly buy more shares. Attention also to airlines such as Delta and American Airlines and obviously attention to ETCs on oil because a significant drop would create further buying opportunities on a commodity that has given me (and I hope you too) 100% earnings in 2021.
Possible increases in gold in the medium to long term, both from seasonality and obviously as a safe haven asset, even if during the first appearance of the covid, this was not exactly the case.
The resilience of cryptocurrencies should also be verified. Absent extremely volatile, absolutely not to be considered a safe-haven asset, has the undoubted advantage of being decorrelated from the numerous problems that can afflict traditional financial markets. There may also be a quick rotation here which could cause significant rises.
I greet you and I wish you a happy Sunday, quoting Warren Buffett because it is the wise men that we must look at in moments of emotion: “Be greedy when others are afraid and be afraid when others are greedy”
Happy trading and stay safe.
Lazy Bull
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
Bands Bands BandsThe Bollinger Bands said buy a few days ago. Not a trader, don't teach trading. This signal has been making gains both in the traditional markets as well as in Crypto. Using the red arrows AND volume as sell signals it also has protection for the downside. That said, Bitcoin is making huge headway regarding adoption & Taproot, brings smart contracts to The Blockchain. As of this writing Bitcoin has surpassed Visa in value transfer metrics. Bitcoin USES Visa as a bridge to evacuate dollars from the traditional finance system into the decentralized finance system. We're still early. Lots of people still have no idea what Bitcoin is or that they'll need it to beat inflation & global instability. Once the Plebs catch on that dollars rob them of their value, there will be an explosion of adoption & rapid rise in price.
VISA preparing for the bull runVisa ( NYSE:V ) has entered an important zone and has already fallen more than 20%, which is quite rare for Visa apart from major worldwide crashes. Basically said, Visa is cheap relative to its performance and even though Amazon's negative news affected last days of the price of Visa, those two companies are still in discussion about cooperation and I believe it will be eventually resolved.
Now, I am looking for a significant pullback and breakouts from minor trendline. I have started trading in small positions and accumulate in following days.
V dailyGood company to have in your portfolio. You want to buy a bouncing ball company, not those that are rocks. V will EVENTUALLY rebound, wait for any confirmation of reversal (candle stick pattern or chart pattern) to load, that drop was on notable volume. 195 is also a notable area, 150weeklyMA. We can also see a bullish divergence on the RSI.
According to my DCF, Visa is currently undervalue, R/R to have Visa in your portfolio is now bigger than not having it in my opinion.
DCA is the way to go.
Visa (V) LongFrom the highs of July, Visa has lost more than 20%.
To "complicate" the situation, the news released before the opening of the markets on November 17, namely that Amazon wants to ban the use of the famous credit card in the UK.
I ... I had bought the previous day.
Hey ... this is trading.
However, we are talking about Visa and obviously, part of my strategy is to always enter in brackets, so the news, apart from the emotionality of the moment, could create an additional investment opportunity, should Visa continue its descent up to certain levels.
The company is clearly solid, and from a statistical analysis, I noticed that the pull-backs, over the years, as well as being very rare, are on an average of -18%, so we are at a discount, that is to say, it is the time to buy.
Not to mention that I don't think Amazon's decision is final; a deal will be found and when it does, the volatility will be high. (It is, therefore, possible to exploit the momentum by buying call options).
Should the price continue to fall, the entry or accumulation levels in my opinion are as follows:
- $ 190.23: important volumetric level
- $ 179.50: post-covid breakout level, would act as a major resistance.
Target:
- 235 $: important volumetric level where the price will surely react
- $ 250: just before the highs, total take profit
Happy trading
Lazy Bull
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
Visa | Short Term Bearish / Long Term BullishI'll try to be brief: all the indicators and trend lines indicate a low-volatile (which is an advantage for the solidity especially in a long-term perspective) and growing trend of Visa. However, following the trend from March 2020 (as I always say "the new modern era for the world") until today November 2021, Visa has always retraced each level of the Fibonacci retracement until it touches its maximum peak, resulting in and current decline (currently Visa broke the previous trendline, but it was predictable as its trend up to that moment was really exaggeratedly bullish).
Due to the low volatility of the market I suspect that the retracement in the short term could lead Visa to further losses, I assume an additional 3 or 4 points up to around $ 206/207 per share (which is not many in a long-term perspective anyway but for a day trader instead can be an abyss), coinciding with the 0.382 Fibonacci retracement; at that moment I have good reason to think that Visa will restart its bullish run also quite efficiently (let's say that by early 2022 I would not be surprised if we were at $ 260 per share) to get back in line with its innovative power and with the previous trend which has just been broken, as mentioned before.
In conclusion, as usual DYOR (!!!), mine is just a "brainstorming" seeing the chart and knowing the company, however I admit I have a recently opened position on Visa, so I have no reason to lie :)
V looks bullish using Aspen Trading S/R LevelsAspen Trading S/R Levels are predicting support for Visa @ 209.02.
Visa is looking bullish for the remaining part of the year.
Another tailwind is that Visa typically displays seasonal strength this time of the year.
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Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information.