$V | Bullish Channel & Bull Flag V broke out of a bull flag and looks ready for continuation to the upside. See my previous $V ideas below:
VISA trade ideas
VISA - Point of Entry?VISA is another stock that I have been keeping an eye on recently as it shares a similar story tto i Master Card ()
Analyst ratings on the stock remain overwhelmingly positive with a consensus target around $241 despite mediocre earnings results that resulted in some selling pressure and increased volatility lately.
On the technical side the stock seems somewhat undecided however;
Positive Factors
Stock recovered above 200 EMA which reinstated it as support level
Back at the 0.786 Fibonacci levels which for now is a (soft) support
Dynamic resistance level has been broken and indicates more bullishness
Back at the gap base created on November 2020 earnings
RSI bounced off oversold territory back to neutral (50's)
Negative Factors
MACD still indicates bearish sentiment
100 EMA could proof resistance
No confirmed long-term trend. The stock is moving pretty much sideways since mid 2020
Rather large intraday swings, which makes SL setting more difficult
My trade;
I went long in yesterdays trading at $200
Stop Loss outside recent lows around $191 (Oct/Nov gap levels) to account for incr. vol.
Take profit set at $230 although I'd eye the recent $220 highs as a first target
Buy VISA INC. Buy Ticker symbol "V"
VISA INC.
Ideal Entry 204.7 But 206 for entry its fine too
make sure it doesn't break down the potential double top, id break under the neckline of the double top, it could have a 3.3% PB to the trend support area $200.3
1st Target Price 229.72
2nd Taret Price 249.48
Stop Loss @ $198
I have set alert for VISA INC.
-under 206 under 205.1 -alert
Run up into 214 to 220 area?Looks like a run has started but the first test will be the area its running up into now, around 212-213 area.
VISA Expectations the VISA is showing a good growing and maybe it will back to 219 USD price
So I recommend to buy
V - EW analysis - C wave upV - It is within ABC zigzag move up side. Expecting price to go for new high as the part of C wave up.
Give thumbs up if you really like the trade idea/analysis.
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
