VISA, Solid Breakout Of Channel, Aiming Targets To Reach!Hello Traders Investors And Community,
Welcome to this analysis where we look at VISA 4-hour timeframe perspective, the recent events, the current formational structure, what to expect next times, and how possible entries with the ongoing price-action can look like. The stock has shown some significant steps and meaningful confirmations recently which I detected are important factors for further developments.
Looking at my chart you can watch there that the stock just broke above this huge ascending parallel channel marked in blue, this breakout occurred with heavy volatility and solid upside movements, the next times we can expect the upper boundary once more to be tested and confirmed as it is marked in my chart, there is a high possibility given that this support holds sustainable as there is also coming the 60-EMA in black together with the upper boundary forming a coherent support cluster in this range. When the stock bounces up from there we can expect the upside targets to be reached which are lying at the 215 level in the chart when the stock approaches these levels it is important what it will do further if it just moves on bullish or there is a correction when not bigger pull-back showing up visiting lower levels in the range.
Overall the stock established some decent bullish structures here which have a good and appropriate potential to confirm further bullishness and follow up with higher highs, therefore it is important that the stock manages to hold the range and don't falls below the 200-EMA which will firstly invalidate the bullish case, nevertheless as there is a strong volume in this level the possibility for a bearish breakdown is quite marginal.
In this manner, thank you for watching, support for more market insight, all the best!
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Information provided is only educational and should not be used to take action in the markets.
