VD trade ideas
Visa ShortNYSE:V Short
Reason:
MACD & Stoch Crossing
Potential DEMA crossing coming up.
Leverage 7.5
Entry Price 136.89
$V Nice bounce off the sma50Bought $V when it was close to the SMA50 support, nice bounce this week.
VThe trendline kind of sort off is overshooting on this one, would expect a pull back into the channel.
$V 18 AUG 17 C150 at .37Daily chart for V shows breakout and retest of resistance out of rising wedge pattern. Weekly chart posted below to illustrate the lack of overhead supply that normally acts as resistance areas for stocks on their way up. V looks pretty clear for a ride past 150 in my opinion. Earnings Report scheduled for July 25 could act as an upside catalyst. Long call options for Aug 17 150 right now trade for .37. GLTA
Visa buy point is 138, will move to 165 by March 2019Visa will shoot up soon, recommending buy it now ($138-$140).
Visa (Scenarios)Scenario 1) Over the last 3 months, looks like a continuation wedge (bearish) chart has formed, outlined in blue. If breaks below the bottom trend line, could descend down to the support level at $132, and then start consolidating.
Scenario 2) Although, over the course of the last week, looks like a symmetrical continuation triangle (bullish) has formed, outline in green, and is nearing a potential break out.
Scenario 3) The trend may hit the bottom trend line (red), and then continue upward to find a new high.
One of the best performing stocks This stock came into my radar when banks started tanking and V has been consistently outperforming the market SPY and dishing out great earnings. We have a nice trend NEVER have we taken out significant support . But I don't have trade location so I won't go long any time soon. the price action looks like weak holders can easily be shaken out causing volatility on the downside.
VISA potential short setup- VISA network down in Europe
- cryptocurrencies taking over
- Bearish divergence on indicators
VISA Triangle Breakout target @138-140visa symmetrical triangle breakout target @138-140 up to next earnings.
Visa in a triangle. NYSE:V is in a triangle. If breaks upper line then we can see a 10% upside move. If breaks the lower line we can see a 10% downside.
$V Visa Topping Out$V Visa - looking primed for at least one more move down in this current long term ascending triangle pattern. Short term bearish, long term bullish assuming the stock finally breaks through crucial $125.50 level on strong volume. Earnings this week 4/25.
