V trade ideas
Visa running out of credit. VDownard zigzag.
Immediate targets 214, 204, 197. Invalidation at 291.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Visa Inc| The Next Target For Visas Next Year Will Be $ 280Visa Inc| The Next Target For Visas Next Year Will Be $ 280
Visa Inc. is an American multinational financial services corporation headquartered in Foster City, California, United States.
Visa does not issue cards, extend credit, or set rates and fees for consumers; rather, Visa provides financial institutions with Visa-branded payment products that they then use to offer credit, debit, prepaid, and cash access programs to their customers.
It was launched in September 1958 by Bank of America (BofA) as the BankAmericard credit card program.
Visa is the world's second-largest card payment organization (debit and credit cards combined), after being surpassed by China UnionPay in 2015
The actual market cap of Visa is in the value of $468 B
Technical Analysis:
The price is moving with a very large weekly pattern that it is taking the shape of an "Ascending Channel.
The price is close to the support line and after a small correction, we can see the beginning of the next bullish wave.
From the chart, we can see that the price moves in very stable waves. So once the movement begins it doesn't stop.
Thank you and Good Luck!
VISA Falling Wedge Poses Attractive Entry OpportunityPrice has been stuck in a falling wedge for the past several weeks; it is currently at the lower end of this pattern and we should see support come in to boost price up. Significant appreciation in price could see a break out of the falling wedge in coming days. MACD also indicates an impending uptrend in price. PT#1 is at the resistance of the wedge - around $227 - and if there is a breakout we could see it rise all the way to $236. Place a stop loss around $220 - at the lower end of the wedge - in case support fails to hold.
Visa on the Way Up? Visa - Short Term - We look to Buy at 217.06 (stop at 208.56)
We look to buy dips. Previous resistance level of 220.00 broken. 50 1day EMA is at 213.50. 20 1day EMA is at 213.00. The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be 236.42 and 246.98
Resistance: 237.00 / 250.00 / 260.00
Support: 220.00 / 210.00 / 200.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
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VISA (V) UpdatesVery positive Friday for Visa, which opens in Gap up and closes the day with an important + 10.60%.
Positive earnings and a recent drop due more to take profit and emotional sell-off on the news regarding the dispute with Amazon UK, had created excellent buying opportunities for the world's leading credit card company.
As documented in previous posts, I bought $ 212 in the area and was ready to trade at $ 190, without being executed for 10 cents ... hey, that's trading!
Now, for those who want to hold the stock for a long time, the recent upside matters to a certain extent, indeed, if it retraces it would be an opportunity to accumulate.
For those who are looking for a profit and had entered around my average purchase price or better, an interesting first level is in the $ 232 area, where we have both the POC of the last 6 months and a gap to close.
It is likely that when it reaches that level, the price will suffer and retrace.
Let's remember that, as soon as the dispute with Amazon is resolved, the action could have a session similar to the one on Friday and, of course, the opposite is also true so I recommend following the story.
Happy trading
Lazy Bull
DISCLAIMER: I am not a financial advisor nor a CPA . These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
VisaVisa is a great stock, but everything points towards a near term drop.
1) At R1 resistance line (not pictured) with Standard Pivot Points enabled
2) Rising Wedge pattern - bearish
3) Resistance area provided by gap (see rectangle ) where no buying volume at all. It was solidly rejected yesterday intraday from this point. You can see the inverted hammer candle it left showing the rejection.
4) Chaikin Money Flow AND Chaikin Oscillator both have large divergences with price on the 4h bars. I consider these to be leading indicators.
I expect it'll drop to the $207-$209 area where there is both price action support and a daily bar pivot point . Re-evaluate from there.
$V - Failed breakout with Mini head and shoulder break down What a turn of event this past 4 trading days made. From a potential break out of the wedge and inverse H&S to forming H&S and breaking down half way target of $189 - $186 area.
A gap was left behind in today's ugly session that we can look forward to filling it. Reversal in the last hour formed a hammer candle which could support reversal.
With oscillators still not turning up, as it's too early in a potential change in direction or sentiment.
Let's hope that the hammer candle play its role properly in the days to come.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
V - turning bearishV is exhibiting signs of rolling over for the longer term:
1. a breakaway gap break below the 200day MA on 27 Oct on high volume
(note: breakaway gap usually signify the start of a trend in the direction of the gap)
2. then finally a strong rebound on 1s December that brought it all the way back to the 200d MA but stalled just below
3. then another sell off on strong volume last Friday.
Although another short term rally is possible, it is likely to trade below the 200d MA and all rallies are suspect unless the 50day MA can trade above the 200d MA again.
Short a small position with a tight initial stop loss @ 221.50 (in view of some risks as earnings is releasing this Thursday).
Will trail stops if trade goes my way. Targets indicated are suggestion based on fibonacci extensions.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
$V - Potential descending Broadening wedge breakoutIn my previous post, I mentioned that Visa has paid in full for H&S breakdown target and has potential for V bottom. It has played out and now a descending broadening wedge has been formed and the price has reached the upper trend line with potential for a breakout. There is also inverse head and shoulder forming inside the broadening wedge with the neck line at the wedge breakout area of $222 area (See yellow line). If the price break out above $222 it would mean both patterns are on the breakout. When two patterns coincide like this there is usually a stronger case for a breakout.
The inverse head and shoulder breakout target is $252 while the wedge breakout target is $280. Bear in mind that the pattern breakouts can reverse course when they hit 50% breakout targets.
Can we see a breakout? May be.
Target 1 - $236
Target 2 - $252
Target 3 - $280
Risk - failure to break above $222 and fall back to $206 area
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.