Visalong
Visa Soars! All Profit Targets Hit in 15-Minute Long TradeTechnical Analysis: Visa – 15-Minute Timeframe (Long Trade)
Visa presented a strong bullish opportunity with an entry at 275.92. The trade has been highly successful, with all profit targets hit, showcasing the strength of the uptrend.
Key Levels
Entry: 275.92 – The long position was initiated after confirming a strong bullish signal.
Stop-Loss (SL): 274.59 – Positioned below support to manage risk and protect against potential downside.
Take Profit 1 (TP1): 277.57 – Successfully hit, confirming the initial bullish momentum.
Take Profit 2 (TP2): 280.24 – Further upside pressure pushed the price to this level.
Take Profit 3 (TP3): 282.91 – The bullish trend carried the price to this target.
Take Profit 4 (TP4): 284.56 – The final target, marking a complete and highly profitable trade.
Trend Analysis
The price remained well above the Risological Dotted trendline, confirming a strong uptrend throughout the trade. The steady buying pressure helped achieve all targets, indicating robust bullish momentum.
The long trade on Visa has concluded successfully, hitting all targets, with the final target at 284.56. This trade exemplifies the power of identifying strong trends and riding the momentum to maximize profits.
Visa Unveils the Visa Tokenized Asset (VTAP) Platform A Bridge Between Fiat and Blockchain
Visa (NYSE: NYSE:V ), the global leader in digital payments, has announced a major step forward in the digital asset space with the launch of its Visa Tokenized Asset Platform (VTAP). Designed to bridge traditional fiat currencies with blockchain technology, VTAP aims to empower financial institutions by enabling them to issue and manage fiat-backed tokens on blockchain networks. As Visa continues its 60-year history of pushing the boundaries of digital payments, this new innovation is poised to set a new standard in how fiat currencies interact with the blockchain.
Revolutionizing Payments Through Tokenization
Visa’s new VTAP platform provides banks and financial institutions the tools to mint, burn, and transfer fiat-backed tokens in a secure and seamless environment. By integrating fiat currencies on blockchain networks, Visa is helping to expand the use cases of digital assets while also leveraging its expertise in tokenization and smart contracts. Banks can now use VTAP to automate processes, like issuing complex lines of credit and digitizing traditional workflows using blockchain technology.
Visa’s extensive global network, which spans over 15,000 financial institutions across 200 countries, gives the company a unique advantage in rolling out this blockchain-based solution on a massive scale. Vanessa Colella, Visa's Global Head of Innovation and Digital Partnerships, noted that Visa’s foray into tokenization will allow banks to “integrate blockchain technologies into their operations.” This development opens the door for widespread adoption of tokenized real-world assets, such as tokenized deposits and stablecoins, which can streamline existing financial processes and facilitate real-time payments.
Moreover, the VTAP platform emphasizes interoperability across both permissioned and public blockchains. With a single API connection, banks can interact with partners and clients across multiple blockchain ecosystems. This feature ensures that Visa’s tokenized asset ecosystem remains versatile and future-proof, allowing it to interact with various digital assets securely.
BBVA, a major financial institution, has already been experimenting with VTAP's sandbox functionalities, aiming to launch a live pilot in 2025. Their collaboration with Visa signifies the growing interest in tokenized solutions, as financial institutions look to blockchain to digitize their operations.
Technical Outlook
Despite the groundbreaking announcement, Visa’s stock ( NYSE:V ) has seen a slight dip of 0.29%, trading at lower levels. However, this short-term downturn may not overshadow the long-term potential.
The stock is currently trading with a Relative Strength Index (RSI) of 48.21, suggesting that it sits at a pivotal level. The RSI being close to 50 indicates indecision in the market—neither overbought nor oversold. Visa is in the process of recovering from a short-term falling trend, which began earlier this year. However, external factors have tempered this recovery, keeping momentum at bay.
From a technical standpoint, Visa’s stock remains above key moving averages, which is a positive signal that investors should keep in mind. A sustained position above these averages indicates that the stock is holding firm in the broader uptrend despite recent weakness.
Visa's chart also suggests the stock is poised for a breakout, with analysts keeping an eye on key resistance levels. If Visa (NYSE: NYSE:V ) manages to overcome its current price barriers, the stock could regain upward momentum as investors digest the significance of the VTAP platform and its implications for Visa’s future growth in the digital asset space.
What This Means for Investors
For investors, Visa’s introduction of VTAP signals a long-term opportunity in the blockchain and digital asset space. Visa (NYSE: NYSE:V ) is positioning itself as a leader not just in traditional payments, but also in the future of tokenized finance. The company’s focus on interoperability, programmability, and easy integration will likely attract financial institutions looking to innovate.
The slight dip in Visa’s stock price may represent an attractive entry point for those who see the potential for long-term growth, especially with the ongoing development of blockchain-based solutions. Investors looking for exposure to both traditional financial markets and blockchain technologies should keep a close eye on Visa (NYSE: NYSE:V ) as it pioneers new paths in tokenization.
In conclusion, Visa’s VTAP is a game-changing solution that cements the company’s leadership in the digital payments sector. With a strong foundation of global partnerships and a forward-looking approach to blockchain technology, Visa is set to redefine how fiat and digital assets interact, offering an exciting opportunity for both financial institutions and investors alike.
Visa Stock Swing Trade Idea off a weekly demand levelIn a world where financial giants constantly jockey for position, Visa has long stood as a titan in the credit card arena. But with recent headlines buzzing about the Department of Justice's lawsuit against it, you might wonder: Is this the beginning of the end for this stalwart brand? Fear not! While challenges loom, Visa’s resilience and strategic prowess depict enduring strength and stability.
There is a strong weekly demand level that has just gained control. We expect Visa stock to rally in the following days. Let's see what happens.
Visa Stock Slips 4.15% Amid DOJ Antitrust Suit Visa Inc. (NYSE: NYSE:V ), the world's largest payment processing company, has come under pressure as reports surface that the U.S. Department of Justice (DOJ) is preparing to file an antitrust lawsuit against the company. The allegations center around monopolistic practices in the U.S. debit card market, accusing Visa of using its dominant position to hinder competitors. In the wake of this news, Visa's shares fell 3.7% early Tuesday, marking a significant drop for the payment processor. Let’s dive into the key fundamental and technical aspects driving Visa's recent performance and future outlook.
Antitrust Concerns Cloud the Horizon
The DOJ's anticipated lawsuit is based on accusations that Visa (NYSE: NYSE:V ) has been using anti-competitive tactics such as exclusive agreements and penalties for customers using other payment processors. These tactics, according to the DOJ, have allowed Visa to maintain its dominant position in the U.S. debit card market, preventing competitors from gaining market share. This isn't the first time Visa has come under regulatory scrutiny; the DOJ previously blocked a $5.3 billion merger between Visa and fintech company Plaid in 2021, citing antitrust concerns.
Visa (NYSE: NYSE:V ) has also faced heightened scrutiny alongside its rival, Mastercard (MA), as both companies are often accused of operating as a duopoly in the payments industry. Recent reports suggest that Visa's volume-based discounts for merchants are a point of contention, with regulators arguing that these discounts create barriers for new entrants to compete effectively, keeping prices artificially high.
Despite these challenges, some analysts believe that the long-term financial impact on Visa's revenue may be limited. KBW brokerage estimates that Visa's U.S. debit business accounts for around 10% of the company’s total revenue. While the lawsuit could drag on for years, analysts are not expecting a significant blow to Visa’s earnings, although there may be volatility in the stock price during the legal proceedings.
Technical Analysis: A Slippery Slope for Visa's Stock
Visa's stock has been in a rising trend pattern for the better part of 2024, experiencing regular highs and lows as it steadily ascended. However, with the DOJ lawsuit looming, Visa’s stock experienced a sharp decline of over 4% during Tuesday’s trading, dipping to $278.04. This drop represents a crucial turning point as the stock nears a key support zone.
From a technical standpoint, Visa’s current price action shows the stock regressing towards the $255 pivot level, which previously acted as resistance in December 2023. This support level is critical, as breaking below it could lead to further declines. However, if the stock holds above this level, we could see a rebound in the coming weeks, especially if the market shifts focus away from the lawsuit and back to Visa's strong fundamentals.
The stock's Relative Strength Index (RSI) also provides insight into its near-term trajectory. Currently hovering at 46, the RSI suggests that Visa (NYSE: NYSE:V ) is approaching oversold territory. While not yet indicating a reversal, this level is crucial to watch, as a dip below 40 could signal further downside momentum. Conversely, an RSI rebound could spark a short-term rally, particularly if Visa’s fundamentals stabilize.
What Lies Ahead for Visa?
While Visa (NYSE: NYSE:V ) has encountered regulatory hurdles in the past, the payments giant continues to be a powerhouse in the global payments industry. Its ability to navigate legal challenges, coupled with its dominant market position, ensures that Visa (NYSE: NYSE:V ) remains a significant player in the long term. Additionally, Visa’s aggressive stock buyback program and global expansion into digital payments and fintech partnerships should cushion the blow from the ongoing antitrust investigation.
However, the uncertainty surrounding the DOJ lawsuit may weigh on the stock in the short to medium term, as investors brace for potential headlines and prolonged legal battles. Visa's earnings are not expected to take a substantial hit from its U.S. debit operations, but the negative sentiment from the lawsuit could cause the stock to fluctuate in the months ahead.
Conclusion
Visa’s stock is at a critical juncture, facing headwinds. The DOJ’s antitrust lawsuit has sparked concern among investors, but the long-term fundamentals of the company remain intact. From a technical perspective, all eyes will be on the $255 support zone, with the potential for a short-term rebound if Visa can hold above this level. Nonetheless, the legal proceedings are likely to introduce volatility, making Visa (NYSE: NYSE:V ) a stock to watch closely in the coming weeks.
MoneyHash Partners With Visa to Foster Secure Payment ExperienceMoneyHash, a prominent player in the payments and revenue operations sector in the Middle East and Africa, has announced its partnership with Visa, a global leader in digital payments. This collaboration aims to deliver secure and enhanced digital payment experiences to their customers, empowering them to enhance their payment infrastructure and ensure secure, fast, and reliable payment experiences. The partnership will allow MoneyHash to access Visa's extensive suite of digital payment solutions, including network tokenization, as well as leverage Visa's global reach, capabilities, and security.
This collaboration marks a significant leap in MoneyHash's journey, as it addresses the key challenges that businesses face in the realm of digital payments. These challenges range from the prolonged efforts required to integrate with multiple payment providers, to tackling issues like low conversion rates, payment failures, inefficient payment flows, and mitigating fraudulent activities. By streamlining these critical processes, MoneyHash empowers businesses to not only overcome operational hurdles but also to focus on their core growth and expansion strategies.
Visa ( NYSE:V ) is thrilled to work with innovative platforms like MoneyHash, which contributes to the growing move to digital through providing a simplified process. The partnership aims to empower partners with the tools and resources necessary to provide secure and seamless payment solutions.
From a technical perspective, Visa Inc. (NYSE: NYSE:V ) stock closed Friday's trading session up 0.79% with a Relative Strength Index (RSI) of 62.84 which is slightly overbought. The stock is trading above the 200, 100 and 50- day Moving Averages (MA) respectively.
Visa's Strong Earnings Amidst Rising Consumer Debt ConcernsIn the wake of Visa Inc.'s impressive fiscal second quarter 2024 results, with net revenue soaring by 10% and payments volume surging by 8%, investors have been quick to celebrate what appears to be a positive indicator for the economy. However, a deeper dive into the current state of consumer credit card debt reveals a more troubling narrative.
According to recent data from the Federal Reserve Bank of New York, Americans' total credit card balance has ballooned to a staggering $1.129 trillion in the fourth quarter of 2023, marking the third consecutive quarter where balances have surpassed the $1 trillion mark. This surge in debt, totaling $273 billion since the fourth quarter of 2021, is fueled by record-high interest rates, persistent inflation, and various other economic factors.
Visa's robust earnings report, highlighting a notable increase in transactions and payment volume, may actually reflect consumers falling deeper into debt to maintain their spending habits. While stable consumer spending is touted as the driving force behind Visa's success, it may be masking the reality that many Americans are relying on credit cards to make ends meet, rather than indicating genuine economic prosperity.
The historical trend of credit card debt growth, characterized by a "hockey-stick" pattern followed by sharp declines during economic crises, underscores the precarious nature of the current situation. As credit card balances continue to climb, the risk of a similar economic downturn looms large. If consumers are unable to pay off their debts, they may be forced to cut back on spending, potentially leading to a slowdown in economic growth.
While Visa's strong earnings may be cause for short-term celebration among investors, they should be viewed with caution. The underlying growth in consumer credit card debt suggests that the economy may be on less stable footing than Visa's numbers would imply. As such, it's crucial for investors to consider alternative investment options that can weather potential economic storms.
As Visa's fiscal Q2 results beat market expectations and management issues upbeat guidance for the future, it's imperative for investors to remain vigilant and consider the broader economic context. Visa's success may not be as indicative of economic health as it initially seems, and prudent investors would do well to heed the warning signs of a growing consumer debt crisis.
In conclusion, while Visa's earnings report may paint a rosy picture on the surface, the underlying reality of mounting consumer debt warrants a more cautious approach from investors. As the economy navigates uncertain waters, it's crucial to prioritize investments that can withstand potential downturns and provide stability in turbulent times.
Visa's (NYSE:$V) Strategic Move into the Crypto World
In a groundbreaking collaboration, Visa (NYSE: NYSE:V ), a global leader in digital payments, has joined forces with Transak, a prominent payments infrastructure provider for crypto and NFTs, to revolutionize the crypto-to-fiat conversion landscape. The announcement, made on January 30th, 2024, marks a pivotal moment in the crypto industry, promising to bridge the gap for millions of users seeking a seamless exit from the crypto market.
Unlocking Global Crypto Withdrawals:
Transak's strategic partnership with Visa (NYSE: NYSE:V ) involves implementing Visa Direct capabilities to enhance its global off-ramp service. This move enables users in over 145 countries to effortlessly convert their cryptocurrency holdings into local fiat currencies, addressing a significant gap in the current crypto market.
Real-Time Transactions with Visa Direct:
One of the standout features of this collaboration is the integration of Visa Direct, allowing for real-time card withdrawals. Unlike traditional banking methods that can take days for fund transfers, Visa (NYSE: NYSE:V ) Direct processes transactions in as little as 30 minutes. This capability significantly streamlines the process of converting and transferring funds, especially across borders, providing users with a faster, more secure, and compliant way to access their funds in local currencies.
Widespread Accessibility and User-Friendly Experience:
Transak's presence on over 350 leading Web3 wallets and games, including MetaMask, Trust Wallet, Coinbase Wallet, Ledger, Splinterlands, and Decentraland, ensures widespread accessibility. This collaboration puts crypto-to-fiat conversion at the fingertips of millions globally, offering a user-friendly and intuitive experience. The integration with familiar platforms within the crypto community enhances the ease of use for individuals looking to cash out their digital assets.
Impact on Crypto Adoption and Market Maturity:
The collaboration between Transak and Visa Direct ( NYSE:V ) is a crucial step towards the maturation and mainstream acceptance of digital currencies. By dismantling the barriers of complexity and uncertainty associated with converting cryptocurrencies into local fiat currencies, this partnership is set to drive crypto adoption among the general public. It marks a significant "W" for the crypto industry, showcasing a tangible solution to a long-standing bottleneck.
Investor Outlook:
From a technical perspective, Visa's (NYSE: NYSE:V ) stock has broken the rising trend in the medium-long term, signaling a stronger growth rate. With no resistance in the price chart, further rise is indicated.
Conclusion:
Visa's (NYSE: NYSE:V ) strategic collaboration with Transak represents a pivotal moment in the evolution of the crypto market. The integration of Visa Direct capabilities not only streamlines the crypto-to-fiat conversion process but also positions Visa (NYSE: NYSE:V ) as a key player in the growing digital currency ecosystem. For investors, this move signals potential growth and further establishes Visa (NYSE: NYSE:V ) as a forward-thinking company embracing the future of finance.
As the crypto landscape continues to evolve, Visa's strategic steps into this space are sure to capture the attention of investors looking for opportunities at the intersection of traditional finance and the digital economy.
Visa ~ The 12 Month Blue Chip Trade Visa - NEO:VISA
Earnings:
Rep: $2.41 EPS ✅ Higher Than Expected
Exp: $2.34 EPS
Revenue
Rep: $8.6B ✅ Marginally Higher Than Expected
Exp: $8.56B
6 - 12 Month Trade
A potential 29% relatively safe return for the 2024 year in this dividend paying, well performing blue-chip stock. c$2.00 per annum dividend per share .
Monthly Chart (left)
✅ Long Term Monthly Trend Intact
✅ Above 10 month moving average
Daily Chart (right)
✅Cup and Handle Breakout
✅Above 200 day aligning with diagonal support
🎯 Target 1 at $330 is where the long term and short term fib extension levels indicated overhead resistance will like be. Taking 80% of the position off the table here would be wise. The Cup and Handle tare may be reached at a much later date after a correction.
🟢ENTRY ZONE: $254
$264 would be ideal but I may enter earlier
❌STOP
The stop should be placed just under the horizontal support line at roughly $249. IF the 200 day or diagonal support is lost exit the trade. Same goes for the 10 month moving average on the long term chart.
Take a tighter stop is its a larger position.
PUKA
Visa's Bold Move into Web3 Loyalty Solutions Signals Growth
In a strategic move to solidify its customer base and stay ahead in the fiercely competitive payment industry, Visa recently announced the launch of its groundbreaking Web3 Loyalty Engagement Solution. The move, made in collaboration with SmartMedia Technologies, is designed to revolutionize customer loyalty programs and offers a glimpse into the innovative future of digital transactions.
The Web3 Loyalty Engagement Solution
Visa's new loyalty program aims to go beyond traditional reward systems, offering users a plethora of enticing incentives. Under this scheme, customers engaging with Visa's payment services will earn additional digital points with every transaction, creating a compelling reason for users to stick with the payment giant.
The program introduces a variety of digital assets, ranging from ticketing rewards and token-gating to loyalty assets, collectibles, gamified giveaways, and even augmented reality treasure hunts. This ambitious move positions Visa not only as a facilitator of transactions but as a pioneer in providing a unique and immersive user experience.
Navigating the Evolving Landscape
In the aftermath of the global pandemic, payment facilitators worldwide have witnessed a surge in their online customer base. However, fierce competition demands more than just a reliable service; it necessitates the development of a loyal customer following to sustain and grow the business.
Visa's initiative reflects a proactive response to this challenge. By embracing Web3 technology and offering a holistic loyalty program, Visa aims to not only retain its existing customers but also attract new ones in a market saturated with options.
Strategic Partnership with SmartMedia Technologies
The collaboration with SmartMedia Technologies adds an extra layer of sophistication to Visa's Web3 Loyalty Engagement Solution. The enterprise platform provided by SmartMedia Technologies bridges the gap between Web2 and Web3 innovation, offering a user-friendly experience that can be tailored to create personalized and curated offerings for consumers.
This partnership positions Visa at the forefront of technological innovation, allowing the company to leverage the benefits of both traditional and emerging technologies. The result is a loyalty program that not only rewards users but also enhances their overall engagement with Visa's services.
The Growing Trend: Web3 Loyalty Programs
Visa joins the ranks of industry leaders like Starbucks, Nike, Adidas, and Venmo in embracing Web3 loyalty programs. As consumer preferences shift towards personalized rewards and immersive experiences, these companies are leveraging Web3 technology to transform their loyalty offerings.
Investors looking for opportunities in the dynamic fintech sector should take note of Visa's bold move. By staying ahead of the curve and adopting innovative solutions, Visa positions itself as a frontrunner in the evolving landscape of digital transactions.
Conclusion:
Visa's foray into Web3 loyalty solutions is more than just a strategic move; it's a signal of the company's commitment to future growth and technological innovation. As the digital payment industry continues to evolve, Visa's proactive approach positions it as a compelling investment opportunity. For investors seeking a stake in a company at the intersection of traditional finance and cutting-edge technology, Visa's stock may just be the key to unlocking future success.
VISA Poised For GreatnessVisa processes more than $11.6 trillion in gross dollar volume (GDV), made up primarily of digital payments with the remainder being things like ATM withdrawals, B2B transactions, etc. Alongside Mastercard, which is en-route to process $9.2 trillion, this makes Visa one of the two largest payment processors in the world. The company evidently has a wide moat that is targeted by competitors and regulators.
While many competitors such as Block (SQ) and Paypal (PYPL) seek to penetrate the high-margin space, Visa is well-positioned to benefit from the continued growth of digital payments and serve as a foundation for digital transactions with a wide moat that can be difficult to substitute.
Digital payments, a core part of Visa’s transaction value, are estimated (2) to reach a $9.5 trillion GDV in 2023, and grow to $12 trillion in 2025.
The Credit Card Competition Act May Be A Major Negative Catalyst
Acknowledging that the passing of this act is not a given, investors may see a large portion of the profits of payment processors like Visa wiped out should this law pass. In its current proposition, the legislation would enable merchants to choose an alternative payment processor (one that isn’t Visa or Mastercard) to execute payments for their customers.
Merchants instead of customers are the ones covering payment processing fees, so they have a large incentive to route payments to the cheapest competitor. Inevitably, Visa will be forced to lower their payment fees to compete with these cheaper alternatives, thereby compromising a key income stream.
Large companies like Walmart and Amazon will especially benefit from this change as they stand to reduce the fees paid to processors like Visa and Mastercard.
I estimate that this bill or a compromised version of it will pass, and erode Visa’s oligopolistic moat, and therefore their margins and net profits.
Visa Will Only Capture 30% of Serviceable Addressable Market
In 2021, the US value of non-cash payments was estimated to be over $128.51 trillion
I estimate a Total Addressable Market (TAM) of $100 trillion to $150 trillion, based off data from the US plus the rest of the world.
But I think that a more realistic Serviceable Addressable Market (SAM - What Visa’s share of the TAM could be) for Visa is between $50 trillion and $75 trillion.
Alternative data estimates indicate that the global SAM for card networks will grow to $60 trillion in 2027. Of the SAM midpoint of $62.5 trillion by 2028, I estimate that Visa manages to capture 30% resulting in a GDV of $18.75 trillion.
Visa had a take rate of about 0.2247% for the last 9 months, up 9.4% YoY from 0.2054%. Assuming Visa captures my estimated GDV of $18.75 trillion, the revenue in 2028 comes up to $42.2 billion (5.8% CAGR revenue growth)
As most of the developed world already prefers cards, Visa will find it more difficult to open up international markets, so I expect the company to reach this high-point.
The International Segment Is A Primary Revenue & Growth Driver
Much of Visa’s growth comes from international markets, and there are two key verticals to watch for the company: e-commerce and B2B cross-border payments which is very pivotal VISA.
E-commerce is growing rapidly, and Visa is the leading payment processor for online transactions, making it well-positioned to capture this growing market.
Visa is also expanding into business-to-business (B2B) payments and cross-border payments. These markets have a lot of potential, and Visa is investing heavily to capitalize on these opportunities.
Visa - Long term ascending patternPretty good risk to reward ratio IMO. NEO:VISA has been forming this long term ascending pattern and looks good to keep going. This is a long term boring trade that will most likely take months to grind higher.
The real question is whether or not we get a pull back to the moving averages. If the market continues up from here I would expect this to do the same.
Cheers
Visa to break higher?Visa - 30d expiry - We look to Buy a break of 236.11 (stop at 230.38)
The primary trend remains bullish.
This is currently an actively traded stock.
Trading volume is increasing.
235.57 has been pivotal.
A break of the recent high at 235.57 should result in a further move higher.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 249.78 and 252.78
Resistance: 230.00 / 235.57 / 240.00
Support: 223.00 / 220.00 / 216.14
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Visa to break higher?Visa - 30d expiry
The primary trend remains bullish.
This is curremtly an actively traded stock.
Trading volume is increasing.
235.57 has been pivotal.
A break of the recent high at 235.57 should result in a further move higher.
There is no clear indication that the upward move is coming to an end.
We look to Buy a break of 236.11 (stop at 231.38)
Our profit targets will be 249.78 and 252.78
Resistance: 235.57 / 240 / 250
Support: 228 / 223.50 / 220
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VISA - ZOOM OUTVisa is one of my favourite and most consistent stocks.
But these charts are everywhere on the stock market. Charts like this. Purely upwards.
I am just using Visa as an example.
Lacking a bear market these stocks are pure gems.
Ride the curve towards the stars.
If you want more proof check out GOOGL, MSFT even BTC
Visa, Inc. (V)Founded in Foster City, California, by Dee Hock, this American multinational specialises in global payments technology. Its primary aim is to promote digital currencies among consumers, businesses, banks, and governments. Having built its network across 200 countries and territories worldwide, it is a global leader in digital payments. The company offers three different types of cards: Debit cards, Credit cards, and Prepaid cards. It also partnered with Apple in 2014 to introduce a wallet feature to iPhones. The company has various products, such as Visa Electron, Visa Cash, Visa Contactless, mVisa, and VisaCheckout.
Visa Levelling Up. VFinal leg of upgoing zigzag. B wave confirms both end of B downtrend and a beginning of a final impulse up. Cleared 0.618 with no overbought, nor divergences, taking 1.0 as the next best level of potential resistance, after that a very common 1.2.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
New stock in the portfolio Good evening fellow investors.
If we just look at the fundamental data that we got from the company in March we can see that the fundamentals are overall very good and that most of the earnings and incomes are increasing and the difference between the assets of the company and the liabilities are getting bigger which is also a good sign. Overall for me the company at the moment just looks to good to skip and not invest into it. I did already buy some shares @$199.00 and I am looking to buy some more maybe. First now I will be waiting the see how the price will react when we get back up to the wedge that we can see on the chart.
If we get a break of the support zone that we see on the chart I will be looking at it all again because as I see it now we will not be breaking that level. I also think that we won’t retest that level the next months.
If you have any questions feel free to send me a message.
If you like the idea do not forget to give it a like and feel free so share your idea on this in the comments.
Everything you see on my profile is just for educational purposes only.