$V Visa may have run to far, a pullback provides opportunity.Long term Visa will be a real winner as we move closer to a cashless society in which VISA is already a dominant player. Threats to the business are fin-tech innovative platforms and also crypto related products and payment solutions which ultimately decentralize power. Visa is one of those companies along with MasterCard that should be part of a well diversified portfolio, but not at the current price, we suggest waiting for a pullback for better entry price.
VISA trade ideas
VISA... SAME AS PAYPAL. SHORT IT!Made a VISA chart to compare against my paypal TA. very similar wave structure, but paypal will have more volatility. See my short term PYPL chart for entry targets.
Looking at major indexes (SPY/ DJI), the top is close. Whether youre a bull or a bear, the top of this 2019 rally is close... Algos will certainly be selling the ATH's if we even get that close. Check out the daily 200 MA's... right at the 0.618 for these stocks. Target here for a leg down.
V NYSE: Reversal candle and trend changeNYSE:V
On my chart, you can see that my indicator NYA Sequential, based on Sequential TD, signals a downward movement, as shown by a doji candlestick, which opened with a space up. For a few more arguments, I attached a few more indicators, which absolutely also signal a downward movement. In addition, on the 1W chart there are absolutely identical signals of a downward movement, as on 1D.
Do not forget that I do not deal with financial recommendations. Here I publish my ideas, perhaps thoughts, but not recommendations for your deals. If you trade, do not forget about the stop order.
$V #Visa breaking long into new all-time highsWatching Visa complete a Cup & Handle formation as it prepares to break out into fresh highs for the stock. Breaking into new highs provides little resistance for price to run, other than fib extensions and pivots. The C&H pattern provides a measured move of $30 to a potential target of $180.
Visa (V) about to test previous highNYSE:V is hours away from retesting its October 1 2018 high of 151.
If the price manages to break above the previous high, this will indicate a recovery from the price drop in October and a continued upward trend.
If not, the price may drop back to its support level of 130.
Bitcoin vs VisaFunny thing about both of them is that they topped around 340B Dollars in market cap. Bitcoin did a 20x in 1 year, while visa did a 15x in ~9years.
To me they both went parabolic and then had a major bull trap. A massive bull trap pushing a lot higher making people believe it will go even higher. Could this be just a continuation of the rally? It very well could, but to me the global financial conditions don't make me feel very comfortable taking a long trade right now. As this market is heavily dependent on Central Banks it could continue a lot higher, but it is quite obvious that going long here is like going long Bitcoin near 15000$, so be careful.
VISA on my watchlistFrom doing all these analysis
looks like we have might have a bit of room for bullish rally until we really hit those dangerous sell off zones
Watching closely to see if it can do another bounce off 200MA
looking for bounce confirmation and violating of pivot line for a short daily swing
Broken Upper Channel Turns into SupportUpper Descending channel have been broken after a few tries, and going for a return move (finding back the upper channel line as a support).
Aggressive traders can wait till it bounces back on the upper channel, and long term buyers can start accumulating from here before adding more later once the price movement is confirmed.
Stochastics shows that it is currently oversold, prepare to add when stochastics <80.