VISA INC, Scraping At The Top, DOUBLE-TOP Pending!Hello There!
Welcome to my new analysis about VISA INC STOCK on the 4-day timeframe perspective. In the recent times the stock market is developing highly differently with stocks that show either bullish or bearish inclinements. In such times it is necessary to pick stocks that have bullish potentials as long-candidates and stocks that have bearish potentials as short-candidates when following a total-return-approach in the market. Total return means to make profits in every market situation either if the market goes up or down and with such a total-return-approach it is the best approach to consider the possibilites and collect a basket of short-candidates and long-candidates. VISA INC STOCK is such a potential short-candidate that can be added to the total-return-basket.
Considering the recent price-action movements VISA INC STOCK is about to scrape on it´s all-time-high region with a weak uptrend that inhabits several lower- to higher amplitude pullbacks and such a weak uptrend is likely to reverse into the other direction when the time is ripe and further indications point to a final reversal. This means when VISA INC STOCK enters the area above the 245 level from there on the possibility for a pullback increases massively and when this pullback emerges with the price-action pulling below the 230 level again the continuation possibility will mark to the high-ends of the possibilty-distribution. This means once the price-action broke below the 50-MA marked in red in my chart the continuation will follow up.
There are several levels and scenarios to watch out once the price-action pulled back from the actual top because with the price-action continuing to pullback below the 50-MA and further on below the main decade-trendline, these will be the validations of the final confirmation of this huge double top as it is seen in my chart. Once the final confirmation of the double-top happened as it is marked the price-action will approach the minimum-double-top-target-zones and in this manner it will be determining on how strong the bearish momentum will continue to move towards these levels because a strong bearish momentum will likely determine a further bearish continuation. For now we will watch out how the stock develops and especially how the confirmations show up to move on with further considerations.
Thank you everybody for watching. It will be great when you support my idea and we move on forward together.
"There are many roads to prosperity, but one must be taken."
VP
