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VISA INCVISA INCVISA INC

VISA INC

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V trade ideas

$V Potential Short Swing Setup Forming I have been watching $V for a while now, along with $MA and some other major credit card companies. In particular, $V is interesting to me because of its clear pattern in volume on the 1M chart: On top of that, it is approaching this bear divergence line on the RSI: While it is not there yet, the weekly is showing some signs on the RSI that a dive lower might be in order: As we cross 20, it is likely we will close in on 0, and that could lead to some serious oversold levels on smaller time frames. One other notable thing is that we are very close to the top of this expanding wedge, and have now seen some sharp selling after the last two thrusts on the weekly: The 1D shows that we are right on the trend line, and if we fall, it will likely be sharp. RSI is also still a bit bearish here, having just crossed below 20 on the close today: The 4H is just as bearish, with this dead cat bounce leaving us at a close on the trendline: Basically, if this rallies off this trend line but fails to make a higher high before exhausting on the 1D RSI, or it plunges below, I think you are safe to open a short position. With confirmation, I think you are safe to target the $166 and $156 price levels from here on the daily:
NYSE:VShort
by UnknownUnicorn3126937
1
Visa (V) Buy Signal + New Analysis I like this chart. For those of you who follow me know that I only post the most high probability buy/sell signals with no biases to the long/short side. There is a lot going on in this chart and A LOT of confirmation as to a buy signal in Visa. First, look at the strong up bar Visa ended the day on yesterday on the hourly which is our 'signal reversal bar'. Also, I really like an hourly chart to show some timing analysis with fibonacci time bars and you can see the confirmation of the 144,89,34,21, and 8 (from prior high/lows) agreeing and showing confluence on yesterdays low. Here I also show one of my best secrets in using phi cubed or 4.236 from an initial impulse wave showing the maximum extreme of any given move. Here I show phi cubed as timing analysis, but I especially like phi cubed on the vertical axis. Lastly, take a look at the Gann arcs and fan lines of the square root of 2,3,4, and 5 (these really work well). I have only included 2 of my indicators, but all my indicators agree and you can see the extreme divergence from my Composite Index (top indicator) vs. the RSI (bottom)--with the MA lines at maximum extremes as well. I hope you appreciate the geometric harmony of this chart as much as I. Make sure to follow me for additional analysis and new high probability setups as I am currently scopeing NKE and AXP like a hawk. Happy Trading! NYSE:V
NYSE:VLong
by moglander0419
1
Visa. Examining potential downside risks. VAssessment: Neutral Hold- Going Long. Market Climate: Bull controlled, increasing volatility. Industry: Financial Services Indicators: None Patterns Identified: Harmonic ABCD Macro Broadening Wedge Visa has seen steadily rising bullish accumulation since first breaking out in December 2012. Since then, the security has experienced a change in price of roughly 612%. The security has been methodically traded between two ranges demonstrated through the broadening wedge depiction. More importantly, the stock has broken beyond the major resistance line of the broadening wedge, pulled back, and continued a break out extension symmetric to the pole of the wedge structure. However, with mid-2018 to late 2019 thus far facing significant increases in overall volatility by a variety of factors, the security is for the short-term from a technical standpoint demonstrating an increase of inherent risk to visa bulls. With echoing discussions of an impending recession, international trade tension, the effect of the Fed on the US economy, and the slowing of corporate earnings visa may be in a tight position that could affect the value of the underlying asset. Take note of the harmonic ABCD. The ABCD demonstrates a breakout structure from the stock’s primary macro trend. An ABCD harmonic cresting either at or breaking beyond major resistance typically indicates the potential for change in trend or direction. Although the overall security remains controlled by bullish accumulation, visa bulls may begin to sit sidelined waiting for a more defined consolidation structure. There is also room for down trending to occur back to the previous macro support within the wedge. Similarly, a pullback to the broken beyond resistance line now became support, displays significant area for the stock to decline before a more attractive entry becomes available. Long-term investors who have taken a long approach should consider reducing on other lagging securities while similarly waiting for an activity of greater confirmation. Keep in mind, that a short-term devaluation in the overall underlying asset does not necessarily signify a reversal of control from bulls to bears.
NYSE:V
by CanaryJones