V trade ideas
V 04-02-2021 LongAsset and Time frame -V,4H
Entry Price -206.35
Exit(Stop Loss) -202.69
Exit(Take Profit) -219.85
Technical Analysis -Price is returning to a confirmed daily ascending channel with a good volume and an engulfing bullish candle, breaking the daily 100MA and the 50MA on the 4H chart
I would like to hear your opinions and what can I do to improve, many thanks
$V | Channel Breakout: Watch For Upside Continuation $V broke out of a falling channel. Watch for continuation to the upside.
Check out my previous $V analysis here:
Visa could have another rough weekVisa has had 4 bad weeks in a row. It closed the week below the 50 week MA, not good. Not seeing many signs of a reversal, I expect more downside this coming week if these levels can't hold.
Buy $V - NRPicks Ene 31Visa is the world's largest payment processor. In fiscal year 2020, it processed nearly $9 trillion in purchase transactions. Visa operates in more than 200 countries and processes transactions in more than 160 currencies. Its systems are capable of processing more than 65,000 transactions per second.
The pandemic has affected electronic payment companies to a lesser extent, Visa has reduced its sales by 17%. Visa and its major competitors (Mastercard and Paypal) have developed and expanded their brand around the world. Operationally, the company maintains a low level of debt compared to its competitors so it will meet its financial obligations.
Fundamentals:
- Growth
- 15.7% estimated net profit growth for the next 3 years.
- ROE 30% VS 13.7% industry
Technicals:
- Price level below the 250-200-150 SMA.
- Williams R% at -79 levels
- RSI oversold (37)
- -10% downside during the month
Visa showed an 11% correction from Dec. 9 to Jan. 28, which stopped at $193.6 support. The last results presentation on January 28th have not affected the share price, so it should have been already discounted. Finally, technical indicators such as SMA and Williams R% show positive signals for the stock.
Broke 200 ma b4 earnings.Every time b4 earnings it goes down to or below 200ma then it shoots up to new highs. Est. Earnings are looking promising. If it get down to 179 ( not likely) Im going to go hard on more options.
Earnings PlayBuying stock and selling the 210 calls. Stop on the stock will be a close below 194. V has had a big sell off into earnings so I see potential for a relief rally back into the range.
VISA INC WITH POTENTIAL 8% PROFIT POTENTIALVISA INC is showing a nice LONG potential this week respecting the support area identified in red at $200 holding the price as expected.
At the open a LONG POSITION is possible with a potential of a +10% RETURN at $220
Happy trading
Visa on the daily 200maGreat dividend growth play, payout ratio around 25%, strong free cash flow, great re-opening play also
Visa Resistance @220I really look this stock. I believe the pandemic treated them well with the online shopping. Resistance is 220 and Visa has tried a few times to break it. I believe it will be 300$ in months to come. I am long on visa. Will add on dip if we sub 190.
Ascending triangle forming on daily. Short term target 1 is $210 followed by $220 and $230.
VBeen watching this one for a while. Nice daily candle. Earnings this week I think. Check out my indicator btw under my scripts!
V LEAPsVisa looks oversold on every timeframe, bounced perfectly off this trendline formed from March and October bottoms. I would wait for a confirmation of a green candle on the daily/RSI to bottom out, and volume to come back in!
V | A quick Zoom Out gives a mixed outlookVisa has been forming a rising wedge since it's pre-March Highs, forming Higher lows over the past few months.
Now, I am really unsure how to interpret this one coming into ER on the 27th Jan. I am slightly inclined to think Covid may have been the beginning of the end of Visa as we know it.
My bear case on any negative news would see this trading back down to ~$174, implying 12% downside from current levels, potentially setting off a slow bleed for this payments behemoth.
Will be ready to pull the sell trigger on a very long term holding of mine in V if the lower up-trending support were to be broken to the downside. I would not go short, however, just lock in gains.
Any thoughts? Would happily be wrong on this one!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
