V trade ideas
VISA INC: Stong tendency to buyWe recommend two main actions:
1/ To enter the market and take a long position at the candle marked: the probability of winning is 90%
2/ To exit or to take a short position at the depart line since the market is starting to go down
Traders who are interested in our suggestion: write in comments.
Visa is gaining Momentum, watch for a channel breakout NYSE:V is gaining Momentum:
ADX is climbing (> 20 would be a positive sign)
the +DI already crossed -DI
Stoch RSI is riseing
A channel break at 200 would be a positive sign - next aim test the corona gap resistances, afterwards moving to the ATH. Looking for an entry point.
Beautiful Range Setup On VisaEasy calls. You will want to play the breakouts either bottom or top range.
Key levels to watch 201 resistance and 187 support.
Breakout above you will look to hold till the highs of 214 for a nice take profit. Before taking profit at that level see how strong volume is and look for a breakout above. If breakout above hold it.
Break below support of 187 its probably going to be a lot of Distribution setup and dump.
VisaVery nice setup for Visa as it appears to be looking to break down out of a range for the past month and a half. Below the low of Friday around the $189.50 area looks like a very good opportunity to short down to a lower support for a $2 move. An overall market uptrend may try to stall this move, but it appears to be ready nonetheless.