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V trade ideas

$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 ——————————————————— 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.
NYSE:VLong
by PaperBozz
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”
NYSE:VShort
by JhonLiriano
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. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:V
by TradeStation
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