V trade ideas
V scalps to 177.04Visa is an uptrend
Bullish pennant on the 15M chart
Bullish candlestick pattern on 15M chart with last candlestick closing above the 8MA.
Bullish engulfing on the 5M chart
MACD crossed UP on the 5M
For all these reasons i plan to scalp Visa on the bullish pennant BREAKOUT with volume!!
LETS SEE WHAT TMW BRINGS!
Please feel free to leave insight, it is always welcomed!
VISA Target 110 !I applied Trend Analysis, Fibonacci Ratio and Technical Tools!. As Most of the country is under lock down right now economic activities are certainly hampered and we are going to see a long recession. Payment of Airplane Fare, Hotel, Restaurant, Shopping all are stopped ! So why should not V come @ 110 ?
Visa booming upAs people all around the world now got stuck inside there home it is obvious that people can’t spend so much and visa stock is going down but as soon as the corona virus outbreak ends,people will start to spend using their visa card and the demand of the visa will sky rocket and perhaps making a new higher high in the technical analysis.
One more stock for correlation tradingCorrelation trading strategy idea analysis.
Today I have already shown a possibility for correlation trading of $NVDA.
In my other ideas, I showed my vision of correlated moves.
Now I want to tell about another stock for today's correlation trading.
Visa has big enough weight in the S&P 500, so correlation predetermined to be good.
Look on the $SPY and $V charts.
Actual corresponding support&resistance levels look so much alike.
Correlation is good enough to expect future similar moves.
Following the correlation trading strategy, it is reasonable to wait for correlated level breaking.
When $SPY and $V simultaneously break their resistance levels, it will be possible to buy $V.
When $SPY and $V simultaneously break their support levels, it will be possible to short $V.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.