VISA LONGVisa had a dip of 13% in the last 2 months, which makes it a great opportunity to buy on long term, unless a stock market crash happens in the next 6 months. On a daily timeframe, the stock created a descendent channel, and it was broken, making the 200MA a strong support. Long term potential📈
3V64 trade ideas
VISA LONG Since the end of 2020, Visa stock has been on a steep climb. Indeed, after rising more than 40% from November 2020 to October 2021, the stock reached its annual highs at $251.77. The stock is now trading at $225.56 just above our pivot point at $215.50 (blue line). In addition, the stock is in an ascending channel and currently near the lower bound. But the 200-period moving average is still at $223.73, which confirms our bullish scenario. We anticipate a continuation of the rise towards $233.00 (first green line) at first and then towards $249.20 (second green line).
Alternative scenario: A clear break of the pivot point at $215.50 (blue line) would lead to a return to $206.72 (red line).
22sep 2021 trading analysis VDisclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
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long possition and follow yelow line
let's see
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good luck, and happy profit
see you for next update
#keep learning bakkarianz metode
V divergenceV has been looking to make a trend reversal and it seems the market hiccup September 20 was the catalyst
- V is confirmed to be in a bullish divergence
+ the chart shows two recent lower low's
+ slow stochastic shows higher lows
+ five EMA crossed 200 EMA
- Fibonacci retracement shows price target at $238.68
+ prior resistance is $238.10
V is on a strong up. There are a few resistance levels along the way to collect profits and get better entries.
** for some reason my trend line on my Stochastic Slow did not show but if you look you can see the higher low's
V Buy ideaVisa currently on the bottom line of the downtrend (white lines) and wicked on the 50 weekly MA on september 17th. Depending on market sentiment, we may have found V bottom. I keep V on watch for a long term buy with earnings coming end of October. V is currently undervalued based on my personal DCF. Full reversal over 228 !
1H - Double BottomVisa is due for a reversal, this might be it. On the hourly chart there is a very loosely identified double bottom. The second bottom is slightly lower than the first, this isn't ideal but it might not matter. I'm watching for a breakthrough of the critical resistance noted on the chart.
Visa Not Looking So HotMore on this later, but the chart indicates weakness. That said, I am not sure what to make of the bear wedge just yet. Does this lead the entire market lower? Do we go sideways for a little while and then take off higher?
For now, really interested in the price action at $214 and will continue to monitor.
V looks to put money in your walletV just came out of an double top trend and it looks to have a strong reversal
- In the past, V has respected the midline of the pitchfork as a resistance level
+ Fibonacci extension have resistance level at 245.28
+ According to pitchfork that would be around October 8
- V tends to respect the 4.618 fibonacci line
+ It bounced off it perfectly as a support level
+ At that same point V bounced off the 200 EMA - that indicates low risk high reward
- Using a fast moving MACD (5,35,5), the MACD line just crossed the signal line
+ The RSI is bouncing from 31.57 - the last time the RSI was that low was January 27, and afterwards was a pretty strong trend
5 hours ago
Comment: If V falls then its support level is
$V Analysis & Key Levels - REQUEST - I hold no position$V Analysis & Key Levels - REQUEST
Ok, Radu5, so $V does not typically stay under the 180 EMA (Purple) for too long. The average is around 10 days. (22 days if you count the crash of 2020 in March.)
And so far it looks like the 180 EMA is trying to be support but I think it will break under just looking at the MacD . The MacD is under zero and as long as it’s under zero it’s in the bear zone. Again… it doesn’t seem to stay there very long.
SO… if you’re going to add to your position, do it at the support levels only (Green lines and numbers)
Once you’re back above the 180 EMA and the 35 EMA you’ll be back where you want to be. Once it’s above the 35 EMA you’ll be above the 0 on the macD and then just hold for as long as the MacD stays above 0.
I don’t know what indicators you use but if you just add 35 EMA , 180 EMA and a MacD that should be enough to let you know where to enter and where to exit a trade.
I hope this helps.
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you.
Red = Resistance
Green = Support
Blue = trendlines
Have fun, y’all!!
V: Triple BounceVisa has been bouncing clearly on ema 200 and also on bull trend line, 3 times! Very clean and Rebound. Bounced off a major support level at $220 beautifully. Visa has been trading at a very rich valuation, over 40x earnings and 20x sales. Its been selling off recently, down about 10% from all time highs. MACD is bouncing to positive and there is a V bounce at RSI.
Revenue growth has been strong despite the pandemic and the company continues to make acquisitions to lead the fintech sector.