V trade ideas
Visa, very large upside move possible soonGet ready for lift off. Inverted H&S pattern best viewed on the 4h chart. Visa may enter a Phase 4 of a Hyperwave. Check my page for more information on Hyperwave patterns, sustained, powerful move to the upside if it can enter a Phase 4.
Visa Long for the momentTarget on Monday Nov 26th is $136 for the time being. Looks like $118 is going to be coming soon though...
Sell the rips in $VHere is how I see it. $114-$118 level does not seem so unreasonable if this market really starts to roll over.
If it breaks up has room to runBack within bear flag. still cant break out, if does should run some but gap still below
Visa Inc found support at 200-day emaThe stock found support at its 200-day ema, a tad upside may coming next. With MACD currently at the negative territory since March and
oversold RSI, odds would favour that the current move is likely just a rebound.
Past lines helping indicate future price movementsSo there are alot of areas the price can travel through. The thick lines are indicative of past price actions with at least 3 points each. We are also trending in a descending pattern.
But we are now trying to test top of the channel and even the bottom of one of the bullish price lines.
If we can break through both of these we should be able to rally until earnings, if we cant then we might be bouncing for a while until earnings.
V on HODL.So far within the channel, especially with its ER approaching. However, once it loses key support levels, it's a long way down at a value.
Testing bottom of channelV looks poised to be testing this bottom of the long term channel (green lines)
Either we will bounce off and then rally (in which i will be adding to my 150C 12/21
Or we will break through and see a freefall indicative of a market retrace (in which i will pull out my calls and shove these babies into SPXU)
either way im still very bullish on Visa
