Visa double top and beyond or sell?
Hello traders and analysts,
Here we have our first sharing of Visa (V) a stock we have held for a long time due to the constant growth and consistent dividend returns quarterly.
Technicals -
Purchased 2nd order batch during the break out of the monthly zone [after Covid crash]. - but the zone is a monthly zone so keep it technical this is important to show a good demand zone.
Weekly levels - identified as potential supply zones but the monthly double top formation kept showing a strong bullish momentum.
Weekly zones became new supplies in the swap zones.
Notice the imbalance candles which are present inside these zones.
Fundamentals:
warning of economic downturn with spending cuts to households - with millions relying on stimulus paychecks - credit is still a valid use of fund transfers of course and will always be, however the slowdown will become clear.
Price fared very strongly during the crisis of 2008, with a strong growth retained throughout the recessional period.
However, be aware of consolidation between 2011 - 2015 - slow sustainable growth but not many down periods to provide demands.
The recent 2018 - 2020 shows larger swings with multiple fundamentals in play.
Always look left.
The next option is to consider once in the supply zone [monthly] all time high, what will price show us? A strong retest to produce and all time high or show a rejection upon the supply, we do not predict the future, but prepare for forward scenarios as price reacts.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Thanks,
Team Lupa
Here we have our first sharing of Visa (V) a stock we have held for a long time due to the constant growth and consistent dividend returns quarterly.
Technicals -
Purchased 2nd order batch during the break out of the monthly zone [after Covid crash]. - but the zone is a monthly zone so keep it technical this is important to show a good demand zone.
Weekly levels - identified as potential supply zones but the monthly double top formation kept showing a strong bullish momentum.
Weekly zones became new supplies in the swap zones.
Notice the imbalance candles which are present inside these zones.
Fundamentals:
warning of economic downturn with spending cuts to households - with millions relying on stimulus paychecks - credit is still a valid use of fund transfers of course and will always be, however the slowdown will become clear.
Price fared very strongly during the crisis of 2008, with a strong growth retained throughout the recessional period.
However, be aware of consolidation between 2011 - 2015 - slow sustainable growth but not many down periods to provide demands.
The recent 2018 - 2020 shows larger swings with multiple fundamentals in play.
Always look left.
The next option is to consider once in the supply zone [monthly] all time high, what will price show us? A strong retest to produce and all time high or show a rejection upon the supply, we do not predict the future, but prepare for forward scenarios as price reacts.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Thanks,
Team Lupa
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