V - VISA - We hope for a better purchase priceIt is in a zone of possible technical rebound but with SHS structure in formation.
Ideally, it would be a pullback to: 61.8%, ext. 161.8% + POC.
V trade ideas
Visa Inc Fibonacci ChannelLooks like bears are going to be shaken out.
Price is at Golden Ratio 0.618 of the general Fibonacci Channel.
As the price deepens into cold colors of fib levels, an opposite reaction is expected with relative rate.
Best confirmation for a safe long entry is in a circumstance where price stabilizes in cold colors then breaks above the downward dashed line.
We can see how market behaved so far when price was falling to 0.618. Same behavior can be seen at 0.786 if downtrend doesn't reverse this month.
Visa | Short Term Bearish / Long Term BullishI'll try to be brief: all the indicators and trend lines indicate a low-volatile (which is an advantage for the solidity especially in a long-term perspective) and growing trend of Visa. However, following the trend from March 2020 (as I always say "the new modern era for the world") until today November 2021, Visa has always retraced each level of the Fibonacci retracement until it touches its maximum peak, resulting in and current decline (currently Visa broke the previous trendline, but it was predictable as its trend up to that moment was really exaggeratedly bullish).
Due to the low volatility of the market I suspect that the retracement in the short term could lead Visa to further losses, I assume an additional 3 or 4 points up to around $ 206/207 per share (which is not many in a long-term perspective anyway but for a day trader instead can be an abyss), coinciding with the 0.382 Fibonacci retracement; at that moment I have good reason to think that Visa will restart its bullish run also quite efficiently (let's say that by early 2022 I would not be surprised if we were at $ 260 per share) to get back in line with its innovative power and with the previous trend which has just been broken, as mentioned before.
In conclusion, as usual DYOR (!!!), mine is just a "brainstorming" seeing the chart and knowing the company, however I admit I have a recently opened position on Visa, so I have no reason to lie :)
Visa Faces Resistance Following a Sharp DropVisa fell sharply on October 27 following a couple of negative headlines. Now after a bounce, it may be ready for further downside.
The main pattern on today’s chart is the price level around $220. It was a low in May and near the lows of September and mid-October. There’s now a chance of it becoming resistance.
Next, V has failed to hold its 200-day simple moving average (SMA). The 50-day SMA has also crossed below the 200-day SMA.
Turning to the weekly chart, notice how the late-October selloff produced a bearish outside candle. It may also be turning into the right shoulder of a head & shoulders reversal pattern.
The fundamentals behind the drop are potentially negative because V has been paying higher incentives to banks. Several analysts have responded with lower price targets. Antitrust scrutiny may also be looming on the horizon.
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VISA BEARISHa head and shoulders pattern identified and confirmed in VISA
OBJECTIF 1: 200
OBJECTIF 2: 190
OBJECTIF 3: 180
VISA TO HOLD LONG-TERM NOW!!!!Here is my Visa inc. report. As per the report, you should buy and hold Visa for a longer term as it consistently shows upward strength and growth throughout its time.
Visa is heating up! We saw some great movement towards a breakout in V last trading session.
hopefully there's enough room for visa to move toward our Price targets.
VISA WEEKLYRules:
-If price break Point 2, 4, or 6 cancel the setup
-Price needs to break Point 1, 3, and 5 to confirm the setup
When price reach the 100FE it normally does a pullback or reversal
The market can Truncate
$V can be a great asset for a strong re-opening play$V has been battered and bruised recently. Friday’s engulfing candle makes us bullish for short to medium term. We are long the stock since 215 as it has space to 224 before meeting more resistance.
Long VisaFalling wedge.
Visa seems to have broken the falling wedge and downtrend.
I expect visa to reverse and head back up to 240/250 in a few months.
Imo visa is on sale right now and the holidays are usually good since everyone will be buying with their cards.
Visa Correction over🐂From the start of this correction back in July Visa has lost 20% of its value. In my last post I stated that I didn't think Visa would close lower than 207 and here we are.
Short term were head to 224 where I think we'll consolidate some . There's alot of resistance in that 224-230 area And we might need a catalyst to push through (Maybe holiday season sells..
A move over 216 will began the start of a double bottom
Bought VBought NYSE:V
Visa Inc. is an American multinational financial services corporation headquartered in Foster City, California, United States. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards
V 1H wolfe wave bearishA Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
V looks bullish using Aspen Trading S/R LevelsAspen Trading S/R Levels are predicting support for Visa @ 209.02.
Visa is looking bullish for the remaining part of the year.
Another tailwind is that Visa typically displays seasonal strength this time of the year.
Please like, share and follow if you agree with the analysis.
Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information.
Head and Shoulders/OUCH!V beat earnings and raised dividend, but still manage to drop beneath the right shoulder of what appeared to be an inverse head and shoulder pattern earlier/not anymore as that pattern failed. The head and shoulder top has won this battle for now. Mastercard and GPN are struggling as well. Apparently this is not the best time for credit card stocks. I did not see this coming but I should have since there is a H&S pattern staring at me )o: and also because MA started falling as well.
V gapped down on a BAD candle, a Marubozu , which is also known as a candle that is "shaven" and is very bearish. The candle exhibits selling pressure throughout the trading session and a close at the low of the trading session. There is no top wick or a bottom shadow. The red candle opened at the top of the body and closed at the bottom of the candle body, exhibiting very little buying pressure to help it out. Then possible panic selling began to kick in.
Price is below the bands set on 80 which shows extreme selling pressure. I had
Long term high is 252.57 which is also the most recent high. The head is the all time high. Short interest is low at 1.6% and negative volume is still very high for Visa.
A head and shoulders top is not a valid pattern until the neckline which was support, now resistance, is broken. It is broken and Visa has done a nose dive past support levels even with good earnings . Oversold on RSI , but a security can dwell in oversold territory for an extended period of time, especially if there is a lot of supply at that level.
No recommendation. I am waiting on this to chill out so I can buy it )o: Possible bounce up very soon as price returns to the bands eventually, but I plan to be sure the move up is solid before buying this to hold on to for any length of time. William's alligator indicates that now is not that time as these shorter term moving averages that are used to build this indicator are out of chronological order and pointing down.
Price may fall to a fib level of the projected measurement down using the top of the head to the neckline as a gauge. There is always the chance V will not fall much, if any further, but 38% would be 208, 62% is 200.30 and 79% would be at 194.90. 187.95 is a fall of 100%. It is also possible to fall below 100% or an extension of 100% )o:
It is a good idea to look at the sky, the ground, and in the rearview mirror before making a decision.
V had a move up today but did not hold the high so far. Perhaps this will recover before down targets (in orange) are met.
$V - Head and shoulder break downIf you follow my charts, previously I noted that Visa would go to $150 and it went until $152. Congrats if you took the profit.
Now Visa just did the head and shoulder break down. The price bounced from 208ish which is around 50% of the breakdown target $192.
The 207 - 208 area is the fib support for both retracement as well as fib extension. It has also acted as previous support area from 12/2020 to 3/2021.
Patterns can reverse from 50% measured target.
Based on all these facts, I believe the bottom has been found.
It's still too early to call. But I have started my reentry.
Target 1 - $135
Target 2 - $150
Risk - fall below $207
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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.
looking for resistance testcouldn't make it through the 233.00 resistance
didn't find support at 216
looking to see if it find support at 208.00, if so will be looking for long position (target 216.00, 233.00, 240.00, 250.00)
Visible range show a good volume a that 208.00 zone
New trader here so don't take my advise for cash!
VISA forms a HEAD-and-SHOULDER pattern!Visa reported strong numbers but conservative outlook. This led to huge selling pressure the last days. The chart forms a head and shoulder pattern and totday neckline broke.
Take a look and let me know what you think. Thanks!
Visa bear flag Has some strong support at 224 with fib and 200ma propping it up there.
Short trade setup
A fall below 224 and we be headed to 219 bear flag support.
Now here's where it gets crucial. if we bounce at 219 we could be headed back up to 224 acting now as resistance but if we fall through then our next support is 216 but I think it will eventually drop to 207 where there is a daily fibonacci support and weekly sma100
Long setup - if it bounces at 224 scalp it back up to 234-235
Visa Head and Shoulder Bearish pattern forming with Visa, which could turn into a 15-20% correction if pattern plays out.
V 1H wolfe wave bearishV 1H wolfe wave bearish
A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
VISA bearish analysisV, bear flag forming on the daily chart. plus looks like a Head and Shoulders pattern forming which is a bearish pattern. Visa has earnings this week.
