VISA Pull-back to the 1D MA50 possible.
Visa Inc. (V) has gone a long way since our last analysis (see chart below) which hit both our bullish and bearish targets:
The stock has made a +15.40% Higher High from the bottom of the long-term Channel Up, which is consistent with 2 out of the 3 previous Bullish Legs within this pattern. After those Higher Highs were formed, pull-backs to Higher Lows of -8.41% to -10.82% followed, all of which hit or approached very closely the 1D MA200 (orange trend-line).
As a result, our sell's target will be at least on the 1D MA50 (blue trend-line) at $250.00.
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The stock has made a +15.40% Higher High from the bottom of the long-term Channel Up, which is consistent with 2 out of the 3 previous Bullish Legs within this pattern. After those Higher Highs were formed, pull-backs to Higher Lows of -8.41% to -10.82% followed, all of which hit or approached very closely the 1D MA200 (orange trend-line).
As a result, our sell's target will be at least on the 1D MA50 (blue trend-line) at $250.00.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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