V trade ideas
VISA NEXT DAYS/WEEKS ANALYSIS - Counter thrend-next breakoutDAILY CHART
As ween can see in the daily chart, the visa stock until the end of March was in a strong downtrend. Around 24 of March it has a double bottom and then began a new uptrend. We can say it is going for uptrend cause the Lower High around $168 was broken,and now as we can see the price is retesting that previous resistance that now is a new support.
We saw the price retrace at 0.382 fib level (indicates a strong trend ) and now its forming a descending triangle as consolidation phase. The price will consolidate for some days and then it will eventually breakout to the upside.
30min chart - not for analysis but we can see a more detailed description of the moves and the retracement.
Scenarios
It might happen that the price will consolidate for the next days in that triangle and then breakout and first target will be 1.27 fib extension and second target is 1.618 fib extension around $196. We also see in the market structure if we look left that also in that level of 196$ there is a resistance line so it probably go up and test it.
That is only my thoughts and not an advise.
Visa - Go long Idea
NYSE:V
NASDAQ:PYPL
Based on Fundamental and Technical Analysis seems that visa might go up.
PAYPAL had a jump before last week's market closure and perhaps visa might follow PayPal
VISA - will it keep going?This is just an update for myself - but i have put some opportunitys
in for you, where i see buy/sell signals.
Disclaimer: I have positions in VISA
VISA not going back to 190+ for the near termCan't see it unless they really capitalize on their acquisition of the Fintech that created Venmo...
VisaVisa has triggered a buy signal yesterday with the respective target and sl being shown in the chart
Vif the market breaks the 0.23 fibo level with force there will be a probability of fetching the 0.38 level.
and if the market breaks level 0 fibo with force there will be a probability of going up.
if you liked this idea or have your opinion on it, write in the comments.
DISCLAIMER: As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Not every idea is a valid trade. This analysis is a trading idea, not a trading signal for you.
Visa Shorts a potential bearish continuationI've been waiting for the top of this potential retracement from the initial virus bearish move. The candlesticks from the last 7 days, together with the decreasing volume seem to be good indicators of a bearish continuation.
Other factors would contribute:
- March 2020 US retails sales showed Discretionary sectors posting deep declines
- 15 April FT report "US banks detail dramatic fall in credit card spending" Citigroup reports that Card spending fell by 30% in the last week of March.
- Mortgage defaults are expected to be high and with 1/3 of Americans missing April rent payments. Credit cards or credit card cash loans might become a desperate short term solution but this will only spiral to bad debts
I would have prefered to buy put options but I feel at this point it is super overpriced due to the high implied volatility. Entered the trade with a good 1.53 risk-reward ratio
$V Upside earnings targets
Lets see if V can follow in the footsteps of Mastercard
The market is in forgiveness Mode
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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