$V Analysis & Key Levels - REQUEST - I hold no position$V Analysis & Key Levels - REQUEST
Ok, Radu5, so $V does not typically stay under the 180 EMA (Purple) for too long. The average is around 10 days. (22 days if you count the crash of 2020 in March.)
And so far it looks like the 180 EMA is trying to be support but I think it will break under just looking at the MacD . The MacD is under zero and as long as it’s under zero it’s in the bear zone. Again… it doesn’t seem to stay there very long.
SO… if you’re going to add to your position, do it at the support levels only (Green lines and numbers)
Once you’re back above the 180 EMA and the 35 EMA you’ll be back where you want to be. Once it’s above the 35 EMA you’ll be above the 0 on the macD and then just hold for as long as the MacD stays above 0.
I don’t know what indicators you use but if you just add 35 EMA , 180 EMA and a MacD that should be enough to let you know where to enter and where to exit a trade.
I hope this helps.
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you.
Red = Resistance
Green = Support
Blue = trendlines
Have fun, y’all!!
V trade ideas
V: Triple BounceVisa has been bouncing clearly on ema 200 and also on bull trend line, 3 times! Very clean and Rebound. Bounced off a major support level at $220 beautifully. Visa has been trading at a very rich valuation, over 40x earnings and 20x sales. Its been selling off recently, down about 10% from all time highs. MACD is bouncing to positive and there is a V bounce at RSI.
Revenue growth has been strong despite the pandemic and the company continues to make acquisitions to lead the fintech sector.
V looks prime for callsV just came out of an double top trend and it looks to have a strong reversal
- In the past, V has respected the midline of the pitchfork as a resistance level
+ Fibonacci extension have resistance level at 245.28
+ According to pitchfork that would be around October 8
- V tends to respect the 4.618 fibonacci line
+ It bounced off it perfectly as a support level
+ At that same point V bounced off the 200 EMA - that indicates low risk high reward
- Using a fast moving MACD (5,35,5), the MACD line just crossed the signal line
+ The RSI is bouncing from 31.57 - the last time the RSI was that low was January 27, and afterwards was a pretty strong trend
Time to VISA (V)In early august, Visa crossed the EMA 200 and began a dangerous descending situation. In September 2nd, the stock dropped near support ($221) but it didn't cross the line, good news for all investors. Now the stock has confirmed the ascending trend raising up from the support. I'm in at $227.5.
Special atention the next days, when it can cross up the EMA 200 and try to raise a new max.
What do you think about this Stock?
Thank you!
Cheers and nice trade!
$V Sellers ExhaustionThis week bulls need to defend the AVWAP level at 222.47
Sellers may be exhausted here and a reversal is implied looking at historic similar volume and price action. However, break below could see 215/210 zone as next level of strong support. Would be backing up the truck and loading longs if we get a chance that low.
Long Visa - a pullback created a buying opportunityHealthy pullbacks in companies like Visa are fairly hard to come by. Wave trend points toward oversold. 200sma nearby for support, but historically cant always hold up so I've adjusted my stop accordingly. This is a long term idea for me, maybe selling 40 percent at the target and letting the rest ride. Not financial advice
VISA - WAITING FOR BUY SIGNAL#VISA gave us a nice pullback here in minor wave 4 and now I am waiting for the buy signal for completion of minor wave 5 and major wave 3. We can see in the chart that we typically get a small bounce off the 200 EMA but in the past, they have pulled this below 200 EMA only to jerk it back up. Green box is my buyzone inside this falling wedge. Awaiting buy signal using volume candles and fib levels provided.
Visa, buy the dipVisa is converging on multiple support areas, including the trend line, 200ma, and support line. RSI has always respected the 30 area for the past year, along with the MACD respecting support. CMF is also in an uptrend which should give us a bounce soon. Long 11/19, 230c; shown on large sweep orders as well. Look for a new ATH in October if markets comply.
What to look for (Visa)There are some notable bull signs that can be seen on Visa. One of them is a close above the swing low. Another bull signs is the reducing selling momentum + Willy Oscillator. Another bull sign I want to brief on is the Weis Wave. The weis wave is indicating that there is less interest on the short side of Visa. I'm personally awaiting a shift in the weis wave to confirm that we are consistently getting less interest towards the short side and will then execute long positions on this stock, but I believe the probabilities are stacked in the favor of longs.
Bullish Signals
-Squeeze indicator
-Willy Oscillator
-Weis Wave
-Fib Support
▼Side Note▼
-On the 15 min Chart we were given a sell signal. This may potentially allow for dips to catch if it is followed by reduced momentum.
Payment Processors Are Setting Up To Get REKTMany of the payment processors and banks i look at seems to have some sort of indication that it will be going down soon Visa is just one of many. Today will be the closing of the month for VISA and many others and like many others Visa will be bearishly engulfing on the monthly and breaking down a rising wedge.
$V Weekly Technicals and FundamentalsTechnicals :
Respecting Anchored VWAP at $230 and also 21MA & volume shelf as support. Trading the bottom of upward channel with historic strong bounces (black arrows). Also uptick in RSI and bullish trend in OBV indicator.
The above indicates a move up, however a break below we could see 218.12 or the 50MA as next line of support
Fundamentals:
Visa’s earnings of $1.49 per share, outpaced the Zacks Consensus Estimate by 12%. The bottom line improved 41% year over year. Next quarter's EPS est $1.54
The company’s net revenues advanced 27% year over year to $6.1 billion in the quarter under review. The top line beat the consensus mark by 5.1%.
I'm bullish with 10/15 $240C