VCL trade ideas
V - Elliottwave analysis - C of ABC zigzag up V - It is in 3rd subwave of 3rd wave up. so stay bullish with stop level below 206.70 for target above 225 or higher level within either simple ABC or as the part of bigger impulse wave up.
Give thumbs up if you really like the trade idea.
V - Visa Simple Price Line/Fib play$V
Today: 11/28/20 615pm PST
Plan: Let Visa drop to Price $204.30, ride to price $215.20.
I'm a simple guy and I like simple plans. Visa has a long history of reacting to these price lines, look left and you'll see many supports/rejections. The lower price 204.30 is just before a clear/recent fib 618 line. Adds to the plan.
Visa appears to be zone trading after it's recent climb. Without any news to tank it, let it drop to this old familiar price line, then bounce up from 204 to 215. May take a while for it to fall and rise, so this play is get rich slowly. Choose wisely.
We are ready for a new impulse on VISA Today, we will share a long setup on VISA
Main items we can see on the chart:
a) The price is on a critical level (either for a breakout or a reversal)
b) we conclude that IF the price makes a new higher high, we should expect a continuation of the bullish movement
c) The reasons are:
-We can see a Huge Corrective Structure (ABC pattern). The target of the Structure is the First Fibo Extension
-We can see a smaller Corrective Structure (that made a new ALL TIMEL HIGHS) (small ABC)
-The current corrective structure with the previous one, Provide us a solid Bullish view for this stock in case of a breakout above 217.90
d) We will be trading this setup with the same parameters we are showing here. Our Break Even level is 228,12
e) We expect a resolution between 12 and 20 days in case the setup is executed
f) We will cancel the setup if the price goes below C
Returning to Resistance Visa is due to return to test resistance at $207 a share which is why I purchased calls for $205 a share by next Friday. I believe Visa should be worth $210 around then based off technicals.
V 2020-11-17TICKER : V
DATE : 16/11/2020
PRICE : $212,70
TRANSACTION : $743 454 564,00
AVERAGE TRANSACTION : $92 347 662,93
MAX : $847 029 015,00
% OF MAX : 87,77%
DIFFERENCE FROM MAX : 805,06%
V - VISA INC 1 D LONGWe can see two channel intersections, a central channel intersection, and the MA450 intersection.
But, if it loses them we must leave the operation
V - Buy and Hold !Fellow investors and traders, today we are taking a look at Visa. NYSE:V
My last update on visa was published a few weeks ago, in which i correctly predicted the drop to 180$.
Just in the last days we hit the 0.382 retracement, which is completely normal for a wave 4.
From now on i expect the ABC correction to be over and we will directly start to new ATH's
In the following weeks and months we could reach prices as high as 250$ or more!
Keep in mind that this is a buy and hold position - unleveraged and without a stop-loss.
Current setup:
Entry: 408.63$
Profit target: 544$
Stop-Loss: None - Buy and hold
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If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
FIS-0.711*V $V Visa vs. $FIS Fidelity National Information ServQuantamental Tools for Proprietary and Retail Investors.
Statistical Arbitrage Opportunities Delivered to Your Inbox.
QuantChart. io
Long 1000 $FIS
Short 711 $ITB
Mean Reversion Time: 8 Trading Days
V - VISA - Elliottwave analysis - Bear caseV - It is in ABC zigzag from major high. The drop is the part of C wave down and 4th wave will start correcting now. Sell when 4th wave completes near 185-88 zone for one more low of 5th wave.
Give thumbs up if you really like the trade idea.
Visa is seeing increasing selling volumeVisa is seeing increasing selling volume after another quarter of disappointing earnings. I believe as the Covid-19 in U.S. still not resolved, the stock could see some further downside. Since it broke 38%, it could make another dip towards the 61% where I will start build my long positions.
VISA HUGE BUY OPPORTUNITY
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