Visa moving in a downtrendVisa is moving in a downtrend.
We see lower highs and lower lows.
The next target will be around 170-175.
V trade ideas
$V Short till 215 then Long to 230NYSE:V
The Chart shows my current positions and I will post my call position when entered.
Analysis: NYSE:V had a nice run but needs to cool off test support then make its next leg up.
$V - Potential descending Broadening wedge breakoutIn my previous post, I mentioned that Visa has paid in full for H&S breakdown target and has potential for V bottom. It has played out and now a descending broadening wedge has been formed and the price has reached the upper trend line with potential for a breakout. There is also inverse head and shoulder forming inside the broadening wedge with the neck line at the wedge breakout area of $222 area (See yellow line). If the price break out above $222 it would mean both patterns are on the breakout. When two patterns coincide like this there is usually a stronger case for a breakout.
The inverse head and shoulder breakout target is $252 while the wedge breakout target is $280. Bear in mind that the pattern breakouts can reverse course when they hit 50% breakout targets.
Can we see a breakout? May be.
Target 1 - $236
Target 2 - $252
Target 3 - $280
Risk - failure to break above $222 and fall back to $206 area
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
strong resistance, looking for more rejections 🚨V continues to get rejected off this strong trend resistance area. Call scalps to resistance can pay, but I am bearish until the resistance breaks.
Below 206.67 support we can target 193. That is where I will consider adding calls or shares! like and follow for more 💘
V LongDemand Zone under Support zone
Entry 212
Stop 204
Target 235
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Buy $V - NRPicks 19 NovVisa Inc. operates as a payments technology company worldwide. It facilitates digital payments between consumers, merchants, financial institutions, businesses and strategic partners. It operates VisaNet, a payment transaction processing network.
Revenue TTM 24.1B
Net Income TTM 12.3B
EBITDA TTM 16.6B
EBITDA margin TTM 68.9%.
Debt/EBITDA TTM 1.26x
Visa drop expected short termTarget zone i son the chart and might will have a bounce from that zone. The big question is how strong the bounce will be?
Visa Thanks to an inverted H&S and a higher 10yr Visa rallied up to 225 resistance before pulling back. I dont think visa will break above 225 with higher yield movement or company news.
At 225 you have 3 resistances
1. 200sma
2.downtrend
3. fibonacci resistance
Look for a pull here possibly to 210.
Stop loss 227
VISA Reversal Head and Shoulder with Bull EMA cross (short-term)Bullish Reversal head and shoulders on the 4 hour and 1 day chart in unison with fast ema's crossing slow ema's. Hoping for quick jump to 230+ in short term. Be careful if planning on holding for long term.
Visa Head&ShouldersThis is straightforward, the head & shoulders pattern gives a good probability of strong bullish action. Visa is a safe investment from a technical and fundamental perspectives.
V Head and shoulders but the sexy kindV has a tasty looking inverse head and shoulders forming. Bears are trying to flex their muscles but if V holds 213 area it should be a nice pop up to 226
v buybuy after the break above the resistance level and 200ma at 222.73 .. first target next resistance level 234.22 .. finally target 247.00
Short on VisaDespite all the good news about Visa, my opinion is that it will go down.
We can notice that a head and shoulder has been formed. This is a reversal pattern that have been taking form for almost 7 month. We can also see the volume that accompanied the neck break. (In a few words, this is a confirmation that there is a reversal in the market trend.
We can also visualize another head and shoulder that was formed in a downtrend, (Just after the break of the first one) but unlike the one mentioned above, this one is not being accompanied by a high volume.
In my opinion, as long as there is not a significant purchases on Visa´s Shares, “it is better go short”
Visa updateThe bouncing ball bounced ! No suprise there. Recently validate neutral RSI, now making an inverse head and shoulder for a potential wave 3.
Everything is on the chart, follow levels first :)
VISA_Break DownThe roof of the descending canal is broken.
It has penetrated into the cloud of Como but failed to break it.
It has not been able to stabilize above the Como cloud and the descending channel.
It looks like it will improve in the next month.
Visa (Inverse head and Shoulder )V break of 219.06
Inverse head and shoulder
Price target 1. 226.93
Price target 2 236.96
Options 21 jan 22
220 calls or 225
Reverse head and shoulders .. Not sure if anyone else caught this but if feel free to comment on the idea
$V - Falling wedge watching for puts < 209$V - Falling wedge watching for puts < 209
- Daily outside bar formed, rejected at supply zone, 0.5 retracement level
VISA SHORTIt appears VISA has one more drop left for 5th wave to complete an expanding ending diagonal, after which It will be setting up f or a bull run. This is just for education purpose only, not an investment advise.
VISA SHORT It appears VISA has one more drop left for 5th wave to complete an expanding ending diagonal, after which It will be setting up f or a bull run. This is just for education purpose only, not an investment advise.
Bear Market Bounce in Visa?Visa has had a rough quarter as fundamentals weaken in the increasingly crowded payments space. Now it’s rebounded toward areas where sellers may return.
The first pattern on today’s chart is the declining 50-day simple moving average (SMA). The credit card giant hasn’t quiet reclaimed this line but it’s getting close. It could be potential resistance.
Next is the price zone between roughly $216 and $220, which encompasses several potential levels. For example, the peaks of September, November and December of 2020, and the lows of May and September 2021. One or more of those could offer resistance.
Third, stochastics show an overbought condition following the recent bounce.
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