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VISA trade ideas

VISA INCNYSE:V Hey, traders. We are in the middle of a market correction. The market's standing in the range. SPY has the upper level of the channel limited by resistance lines at 313.1, the lower level of the channel is 298.8 If we will break the lower level, we will get a possible fall in the area of 280. It is hard to say whether the market will be supported or not. I would not bet on buying any time soon. The market is under pressure from several factors: the virus, Biden's leadership and industry issues for banks and social media companies. The Dow Jones Industrial Average (-2.8%), Nasdaq Composite (-2.6%) and Russell 2000 (-2.4%) also fell by more than 2.0%. All 11 sectors of the S&P 500 closed in the negative zone. The banks were pressured by the Fed's decision to require them to suspend the share buyback and dividend caps in the third quarter. Also from the negative news is the reluctance of many companies to place their advertising on the FB. Naturally, the company's shares were marked by decline. This week, we will look at reports on consumer confidence and the number of jobs. I expect a storm from the volotilities, especially since this working week in the US will be short. So, in the end, the summary for the beginning of the week: I expect the market to fall. I'm very cautious about longs. I will give priority to short signals. When trading inside the day, we pay special attention to the SPY behavior. Now lets see the Visa. This is first candidate to short. What we see on the chart: 1. A strong mirror level, formed back in December 2019. 2. The resistance level has become a support level. 3. From May 18th to June 9th, we were going up, however we could not consolidate above 200. The strong short player dropped the price to the support level. 4. On the 11th, 12th, 13th and 25th the shorts player tried to break through this level. 5. We are watching a series of retests. 6. The last trading session was closed under the low 7. You can see that the short player has gained position. I expect a break-down level. I recommend to enter the short strictly according to your trading strategy.
NYSE:VShort
by AllexMl
5
SuperTrail Indicator and how I use it.The SuperTrail indicator is similar to the very popular and widely used SuperTrend but it has been improved to use a percentage value instead that helps users to determine the natural trading range of a stock over a period of time, and set stop losses (especially trailing stops) accordingly. The best way to use it is to find stocks in a steady trend (upwards if you are going long or downwards if you are going short) and keep changing the indicator percentage levels until you identify a percentage that keeps you in the trade for longer without getting stopped out too often. You can then set this value in your trading program, or set an alert within Trading View to notify you if something changes and you need to take an action. Some stocks might have little volatility and only require an 8% trail. Some might be more volatile and work better with a wider 20% trail. It also depends on your time frame. Shorter time frames are typically shorter stops. Longer time frames work better with wider stop values. The best thing about this tool is that it helps you identify the best optimised stop loss range to set for each individual stock based on its range. The indicator works on any time frame - minutes to hours to weeks. If you want to hold stocks for a shorter time you might look at the natural range over the last 7 days, medium term the range over the last 3 months, or if you want to hold a stock for a much longer period of time then perhaps look to identify the range over the last 12 months. If you get stopped out of a stock you like, then set an alert, and when the stock moves back up within its range you can decide on whether or not you re-enter. It is a super simple indicator. As always it is meant only as a visual guide to assist you with your trading. You can check out my Trading View channel to see how I have used it across different stocks and based it on different time periods.
NYSE:VEducation
by zAngus
7