V trade ideas
V IS ABOUT TO TEST 190 AGAINTicker Symbol: $V
️Timeframe: DAY
️BREAK OF RISING WEDGE AND INSIDE DESCENDING CHANNEL
️Investment Strategy: SHORT
TECHNICAL ANALYSIS:
MONEY MOVEMENT SHIFTING DOWN AND RED DOT: BEARISH
RISING WEDGE BROKEN, MIGHT SEE 190 AGAIN. (BEARISH)
DESCENDING TRIANGLE CHANNEL: BEARISH
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V: Who is going to win, BULLS OR BEARS?? Ticker Symbol: $V
Strategy: Neutral until break either side on Rising wedge
Time Frame: 4HR
TRENDSI ATS: BEARISH (RED DOT WITH RED LINE)
RSI Technical: Bearish.
$V is making Descending Triangle Pattern, which is Bearish. Also, formation of Rising Wedge in last couple of weeks, that is Bearish as well.
I am still NEUTRAL, until I see breakout confirmation on either side.
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Doji Candlestick Menaces VisaVisa has trended steadily lower for the past year, and now some patterns may suggest that another peak has formed.
The first item on today’s chart is the attempted rally on July 27 following better-than-expected earnings. It looked like V could stay green for about half the day, but then it knifed down on heavy volume. The resulting higher high and lower low produced not only a large outside day but also a doji candlestick. That’s a potential bearish reversal pattern. (In addition, it left a hanging man candlestick on the weekly chart.)
Next, the potentially bearish price action occurred near a declining trendline that began in February.
Third, MACD is nearing a potential bearish crossover.
Finally, the 200-day simple moving average (SMA) has been falling. Also notice how V has struggled to remain above it since gapping downward in late October. Has the longer-term trend turned lower?
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Descending TriangleIn the big picture this does look like a long and drawn out Descending Triangle which is a neutral pattern until a trendline is broken.
V broke up from a Symmetrical Triangle that is inside the descending triangle.
So far V has not surpassed the top trendline of the bigger triangle.
No recommendation
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.
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Buy $V - NRPicks 11 MarVisa Inc. operates as a payments technology company worldwide. The company facilitates digital payments between consumers, financial institutions, businesses and government entities. It operates VisaNet, a transaction processing network.
Revenue TTM 25B
Net Income TTM 13.4B
EBITDA TTM 17B
Debt/EBITDA TTM 1.17x
EBITDA Margin 69%
Net Margin 51%
Evotrade: Visa upside for a minimum of 4 till maximum of 7 daysThe chart shows in yellow index cycles by linking swings of minimum .
W= weekly cycles (7-11 days)
2W= bi weekly cycles (12 to 21 days)
12W= three month cyclce (45 to 86 days)
every major cycles is made of minor ones e.g. 2W= W+W, 4W= 2W+2W/ 2W+W/W+W+W
The chart also shows in white inverted cycles by linking swings of maximum (Same rules are applied as for the index ones).
Knowing the combination of the two, when a critical swing (maximum/minimum) is broken within a certain time, it is possible to calculate the remaining time in which a long/short position can be hold.
In this case given that the higher price of the critial swing Wi at 208,12$ was broken yesterday after only 3 days, the remaining time as for the title will be used to increasingly push the price up.
There is time to open long position from minimum of 20th of july till a maximum of 26 of july.
WARNING
The position hold till 20th of july is the minimum time till the cycle will be completed. From the 20th till 26th despite the inverted cycle has time to further push the price up, an inverted weekly cycle can begin as well, pushing the price further down. As a consquence holding a long position after the 07/20 can be risky.
VISA Downtrend TriangleNYSE:V
This is a continuation pattern that indicates that sellers are more aggressive than buyers, and is usually resolved with a break of the downside trendline. The signal would be deceived a close under the lower trendine with an increased in Volume . There might be a comeback move after the break of the lower trendline, but it should encounter resistance in the lower trendline.
VISA - BEARISH SCENARIOUpcoming fresh dips from Visa. The price is forming a descending triangle and e the new test of the $191 resistance is ahead. The target for a successful breakout is located at $144, near the 2020 pandemic bottom.
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Visa earnings today at 4:05pmVisa earnings are today at 4:05pm. My range is low $194, mid $202, high $210. Awful down trend chart going into earnings, but (MA) Mastercard did alright, price action wise, after it's earnings this morning. So on a possibly simplistic correlation, not knowing what Visa earnings are going to be, I'm long because I think V is poised to go up now.
1st Quarter December 2020
Consensus =
EPS: $1.27
Revenue: $5.52 Billion
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
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pi RSI - trend momentum
TTC - trend channel
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$V idea$V Ticker idea
Pattern : WXY "Double Zig-Zag
Target confluence area : Green box
Summary : We have a lot of confluence around
these 2 green boxes but more around the
1st "Green Box"
- (-.236 Algo target) / "Golden Pocket 0.618/0.65"
/ Extension Targets
- Demand zones
- Parallel + Extension Targets + Pitchfork median
- Weekly 200 MA / Monthly 50 MA