V trade ideas
Selling 160/170 Strangle VisaThere is a solid long-term support at 156 on Visa. This is buttressed by the .236 Fib retracement near 155 as well. The 155/156 area is strong support in case of a bearish move. Also, the recent up-days have had lower volume than the recent down-days, indicating stronger bearish sentiment. The stock is also trading near its ATH (all time high). Today's candlestick's upper wick penetrated the bollinger bands, indicating Visa is due for mean reversion. We are selling the July 160/170 srangle for credit and are thus slightly delta negative.
Visa: A winner amid the May market correction.Visa became today the largest S&P500 company to hit new All Time Highs since the May correction. 1D is on very healthy bullish levels (RSI = 60.091, MACD = 0.770, Highs/Lows = 1.7236) to ensure further uptrend. What is particularly interesting is that the price action since early May is identical to the January - April 2018 candle sequence. Even the RSI pattern has strong similarities. After the 2018 pattern was completed and a new High was made, Visa gained +19% in value. Assuming that the 1D MA50 will support this uptrend, we are expecting a similar rise which puts an early target estimation at 197.00.
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Visa Strong Buy After Moody UpgradeMoody's upgrade of Visa to AAA3 status places it in a very exclusive club of only a handful of companies (including Microsoft). With financials like Visa has, it is difficult to see anything getting in its way short of a recession.
The technicals are extremely strong. We are in a textbook uptrend with higher highs and higher lows. The only drawback is that we appear to be overbought. But with a rating like this it is difficult to imagine even the slightest retracement in the near future.
The Kovach Momentum Indicators suggest extremely bullish long term momentum but short term momentum has dropped off slightly indicating that today might have been the only chance we had to get long. The Kovach Reversals Indicator confirms this in that the low of the day bounced off support on the lower bound of the KRI.
$V Visa may have run to far, a pullback provides opportunity.Long term Visa will be a real winner as we move closer to a cashless society in which VISA is already a dominant player. Threats to the business are fin-tech innovative platforms and also crypto related products and payment solutions which ultimately decentralize power. Visa is one of those companies along with MasterCard that should be part of a well diversified portfolio, but not at the current price, we suggest waiting for a pullback for better entry price.
VISA... SAME AS PAYPAL. SHORT IT!Made a VISA chart to compare against my paypal TA. very similar wave structure, but paypal will have more volatility. See my short term PYPL chart for entry targets.
Looking at major indexes (SPY/ DJI), the top is close. Whether youre a bull or a bear, the top of this 2019 rally is close... Algos will certainly be selling the ATH's if we even get that close. Check out the daily 200 MA's... right at the 0.618 for these stocks. Target here for a leg down.
V NYSE: Reversal candle and trend changeNYSE:V
On my chart, you can see that my indicator NYA Sequential, based on Sequential TD, signals a downward movement, as shown by a doji candlestick, which opened with a space up. For a few more arguments, I attached a few more indicators, which absolutely also signal a downward movement. In addition, on the 1W chart there are absolutely identical signals of a downward movement, as on 1D.
Do not forget that I do not deal with financial recommendations. Here I publish my ideas, perhaps thoughts, but not recommendations for your deals. If you trade, do not forget about the stop order.