Visa: A strong long-term bullish wave possible.VISA INC has been consolidating within the 186.00 Support and 203.00 Resistance since May. Naturally the 1D chart is mostly neutral (RSI = 57.741, MACD = 1.000, ADX = 19.304). However we see a bullish divergence both on the MACD and RSI indicators similar to the July - October 2019 consolidation. We are ready to buy Visa if the 203.00 Resistance breaks.
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3V64 trade ideas
VISA INC: Stong tendency to buyWe recommend two main actions:
1/ To enter the market and take a long position at the candle marked: the probability of winning is 90%
2/ To exit or to take a short position at the depart line since the market is starting to go down
Traders who are interested in our suggestion: write in comments.
Visa is gaining Momentum, watch for a channel breakout NYSE:V is gaining Momentum:
ADX is climbing (> 20 would be a positive sign)
the +DI already crossed -DI
Stoch RSI is riseing
A channel break at 200 would be a positive sign - next aim test the corona gap resistances, afterwards moving to the ATH. Looking for an entry point.
Beautiful Range Setup On VisaEasy calls. You will want to play the breakouts either bottom or top range.
Key levels to watch 201 resistance and 187 support.
Breakout above you will look to hold till the highs of 214 for a nice take profit. Before taking profit at that level see how strong volume is and look for a breakout above. If breakout above hold it.
Break below support of 187 its probably going to be a lot of Distribution setup and dump.