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Visashort

Visa Shorts a potential bearish continuationI've been waiting for the top of this potential retracement from the initial virus bearish move. The candlesticks from the last 7 days, together with the decreasing volume seem to be good indicators of a bearish continuation. Other factors would contribute: - March 2020 US retails sales showed Discretionary sectors posting deep declines - 15 April FT report "US banks detail dramatic fall in credit card spending" Citigroup reports that Card spending fell by 30% in the last week of March. - Mortgage defaults are expected to be high and with 1/3 of Americans missing April rent payments. Credit cards or credit card cash loans might become a desperate short term solution but this will only spiral to bad debts I would have prefered to buy put options but I feel at this point it is super overpriced due to the high implied volatility. Entered the trade with a good 1.53 risk-reward ratio
NYSE:VShort
by Ronin_trader
$V Potential Short Swing Setup Forming I have been watching $V for a while now, along with $MA and some other major credit card companies. In particular, $V is interesting to me because of its clear pattern in volume on the 1M chart: On top of that, it is approaching this bear divergence line on the RSI: While it is not there yet, the weekly is showing some signs on the RSI that a dive lower might be in order: As we cross 20, it is likely we will close in on 0, and that could lead to some serious oversold levels on smaller time frames. One other notable thing is that we are very close to the top of this expanding wedge, and have now seen some sharp selling after the last two thrusts on the weekly: The 1D shows that we are right on the trend line, and if we fall, it will likely be sharp. RSI is also still a bit bearish here, having just crossed below 20 on the close today: The 4H is just as bearish, with this dead cat bounce leaving us at a close on the trendline: Basically, if this rallies off this trend line but fails to make a higher high before exhausting on the 1D RSI, or it plunges below, I think you are safe to open a short position. With confirmation, I think you are safe to target the $166 and $156 price levels from here on the daily:
NYSE:VShort
by UnknownUnicorn3126937
1
V stock price forecast timing analysisStock investing strategies NYSE:V Read more: www.pretiming.com Investing position about Supply-Demand(S&D) strength: Strong buy as Rising section of high profit & low risk Supply-Demand(S&D) strength linkage Trend Analysis: In the midst of an adjustment trend of downward direction box pattern stock price flow marked by limited rises and downward fluctuations. Today's Supply-Demand(S&D) strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend. D+1 Candlestick Color forecast: RED Candlestick %D+1 Range forecast: 0.3% (HIGH) ~ -0.4% (LOW), -0.1%(CLOSE) %AVG in case of rising: 1.2% (HIGH) ~ -0.4% (LOW), 0.9% (CLOSE) %AVG in case of falling: 0.6% (HIGH) ~ -1.0% (LOW), -0.4%(CLOSE) Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
NYSE:VShort
by pretiming