VCL trade ideas
Breaking out of consolidating triangle upwardsHopefully this is a move up to test previous resistance overhead.
VISA (NYSE: V) Upward trend period low volatilityAs we can see in the graph, the value of the VISA shares is in an upward channel (Yellow lines) , the support has 6 confirmations and the resistance has 4 confirmations (Marked with green circles) .
In addition, the current behavior of the value of this stock is cyclical, we have periods of high growth (blue square) and periods of low growth (red square) .
The periods of high growth begin (Blue vertical line) with one or few days with low volumes in which the sale stands out, followed by several days in which the purchase predominates. This causes a growth in the price of the stock over a longer period of time. They end (vertical green line) with one or few days with high volumes in which the sale predominates, which causes a price fall in a short time.
If we see the stochastic oscillator we can see that it moves according to the aforementioned, tracing the line in the 70s we can differentiate between one type of period and the other.
Therefore, we can conclude that we have an upward trend in VISA shares, so we should buy these shares, and we are in a period of low growth.
It is important to note this since at the time of the transition from one period to the next we have the lowest prices for the purchase, these prices tend to remain low during these periods of low growth as well, and go back up during periods of high growth.
So we have to buy this shares at the period change ideally, or failing in the periods of low growth.
I´m sorry about my english, I try to post all my ideas from the US and Argentinian market in spanish and english, I accept all kinds of criticisms and questions, thanks for reading!
Regards!
Buy Alert for VMy WT Cross Strategy has alerted me to a buy signal for VISA INC. ( V ), at a price of $142.71 using a 120-min time frame. My idea is to buy the dip, at price below $142.71. I will update when I get the signal to close the trade.
I am using the following parameters for this trade:
Channel Length - 1000
Average Length - 1
Average Length2 - 11
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I have a Pro+ subscription for Tradingview so this gives me access to more data than someone with a free or even a lower tier sub. More data should enable me to construct a more robust model, so your mileage may vary if you are trying to use this strategy for a free account. Please use caution, and be advised. Good Luck All!
Tomorrow important day for Visa short term option holdersAnalysis of the chart shows the uptrend of the second flag. Since we are trending to push the resistance level, there is a chance for us to breakout into the previous level of resistance.
Disclosure : I pulled out my $140C 10/19 on 8/28 in anticipation of this.
Visa is breaking out this weekVisa NYSE:V another Credit service stocks in DJ:DJI that is breaking out. The other one is NYSE:AXP
Visa Breaking Out (Again)Shares of Visa (V) are yet again breaking out to new highs. Barring the market turning south, I don't see much to stand in their way, either.
It's been an almost picture perfect stair-step of resistance turning to support. The latest puts minor support at the $141-143 level, with additional support at $136, and with more significant support at the breakout level around $125-127, which happens to coincide with the 200-day moving average at $125. There's an upward sloping trend line in play, as well, which has held up nicely all year long. The MACD has turned positive, and the RSI has broken out of a nice base and is climbing, too.
I've been long this name for a while and will continue to buy any dips of significance. Just this past week, as it appeared to be gaining momentum for a breakout, I bought October $150 calls in both my trading account and IRA.
Should we get a dip to that $125 area, I'd be a buyer of outright shares for long-term holding.
If you're looking for a consumer play, this is the perfect one. While there are some great companies to own in that actual sector (like KORS, ULTA, LOW, HD, etc), this captures them all because there's a very strong chance you'll use the same card at each one, and there's a strong chance it has "VISA" in the corner of the card.
I like MA and AXP, too, but V is my preference (DFS to a lesser extent, but growing direct and tuition loans give reason for concern longer-term as the credit cycle squeezes). If you don't own V already or want to add to an existing position, you should be looking to buy any decent weakness!
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.
