$V Upside earnings targets
Lets see if V can follow in the footsteps of Mastercard
The market is in forgiveness Mode
V trade ideas
VISA MAINS - LONG on the cardsThis is probably one of my much riskier trade propositions. Visa has its earnings report published tomorrow morning. It's very easy to tell that, yes, VISA will report a loss. However, my proposition is that the earnings loss will not be nearly as substantially bad as first expected.
Alongside that, we have a clear divergence off of the trendline, now heading directly for the 200MA. This trade all depends on whether or not it can successfully break the 200MA. That's why it's one of my riskier ones. The volume looks healthy, but not necessarily pertinent enough to constitute the push. Personally, it's certainly viable; especially with the aforementioned earnings report.
The dotted line is a level I can see us hitting after an initial push upwards. It's possible that we never hit that level before a large shove up - it's equally possible that the market will turn against us bullish lot and shove us down.
I'm taking this trade with extreme caution - it's more of a long term hold than a scalp but we shall have to see how it plays out. Onwards!
V: Temporary Short for 7% - Followed by Long for 12%Earnings being declared on 01/05 will determine upside break or further stagnation of the stock. Intrinsically, V unlikely to turn bullish due to global economies reopening slowly but surely. Increased consumer expenditure in Q2 may make V a good purchase now while consolidation is occurring.
No clear underlying support or channel. Two channels for support and one for resistance. V successfully broke out of bearish channel and formed an almost-square stagnation. RSI at peak, should come down to about 159 but may continue to 150.
Boundaries
If 159.17 support is broken price will come down to 150.62 before experiencing another support. If 150.62 support broken price could come down to 134.
If 178.76 resistance broken a new bullish channel will be created with a currently unknown target.
Risk / Reward
If long position, buy at local minima 159 support, gain should be $19.70 (12%) with target price at 178 resistance.
If short position, buy now at 170 assuming price breaks 159 support and progresses to 150 support for $20.70 (14%).
Visa V target 110 based on half way patternif you want to learn more subscribe and follow and comment
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BUY VISAfor now we see that the market is not yet broken the bare 0.5 with force a large volume we can buy
V scalps to 177.04Visa is an uptrend
Bullish pennant on the 15M chart
Bullish candlestick pattern on 15M chart with last candlestick closing above the 8MA.
Bullish engulfing on the 5M chart
MACD crossed UP on the 5M
For all these reasons i plan to scalp Visa on the bullish pennant BREAKOUT with volume!!
LETS SEE WHAT TMW BRINGS!
Please feel free to leave insight, it is always welcomed!
Took lotto callsGrabbed some 180c before close as a lotto, nice flag built up, only reason they are lottos is because technically it didnt breakout just yet
V Elliot Wave Analysis by VIXtradersV has completed wave II or 1 and is now in what I believe a bullish impulsive wave III towards 1.618 extension $207.93 on chart.
V Visa looking to go long soonHere is another company I am looking to get into after this Virus shut down is over. Bottom line is the company appears to be solid, almost everyone uses a Visa and I think the long term growth of this company will continue to grow.
