4V trade ideas
$V Visa Joins the Fintech Rally
VISA has reclaimed the 50ma as support after a sharp decline with the market in September.
As earnings approach we expect a run up into the event as VISA continues to benefit from the
surge in ecommerce due to Covid.
MACD has just completed a bullish crossover
Histogram is positive
RSI rising and room to run higher.
Old channel may act as resistance to any rally as will the previous high.
Price target $215
Cup and HandleNo rising wedges noted,. Monthly candle shows this may pull back a bit more.
The handle was inside a rectangle and I hope it is not going back in to the rectangle
Was in a channel up as well. A channel up can also become bearish at the top and a channel down can become bullish when it finally reaches the bottom and breaks up and out of that channel down.
Strong S at 185.85ish
V has broken out but did not hold on to it
Maybe 2nd time around it will
V also has a busted ascending triangle in the chart (when an ascending triangle breaks to the down side it is called a busted A triangle)
Struggling at the top but I do not think Visa as a company and payment source is going anywhere
Chart is very bullish and if it breaks the recent high and holds on, it will be above the A triangle again and the trendline of that triangle will provide S which is at 200ish. The handle Low (HL) and the Mid Cup (MC) also provide support
Probably just a matter on time
NV is very high. Earnings 10-24 estimated
Not a recommendation
visa is a trust worthy investmentvisa is definitely something you would want to add to your portfolio if you aim to invest in the years to come, great return with a strong bullish trend since 2017.
as of now for quick profit seekers or intra-traders, we would not recomend taking any entry on this stock.
with the fear of a second wave that is closer to get confirm any day, you might want to invest into paypal more that you would on visa.
best regards, David Senior trader at Richmonstocks Paris france.
Short on open: 200.45
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RectangleSorry...199 is not a target but more of a spot to watch for B/O (o: Visa has fallen from several rising wedges and appears to be living in a Rectangle. If she breaks up my stop would be be mid rectangle
I do not go short, but my stop would be the same
One mistake traders can make is making a pattern fit when there is not one..so always double check
$V (Visa) Elliot Wave AnalysisVisa looks to be starting a lower degree wave 3 with the 1.618 extension falling at the $216.77 mark.
I like to make options trades on these waves. I do so buy purchasing an ITM call ($200 strike) and trying to swing the option to near the top of the wave (target $216). A Call Option with a $200 strike and expiration of 9/25 would cost me roughly $450. If my analysis is correct, I will look for profits in the range of $950 - $1150.
All of this ASSUMES the wave 4 (purple) correction is complete at the 0.236 retracement level so I will monitor closely and exercise proper risk management to mitigate any potential losses...
Let me hear your thoughts and as always, don't forget to hit the like and subscribe........
Bitcoin's real value - inflation adjustedThe price of 1 bitcoin in inflation-adjusted USD, starting from Jan 3rd 2009. All price adjustments are based on the current purchasing power of the dollar according to the consumer price index, and comparing to 2009 on the day the genesis block was mined.
You can disregard the invisible Visa symbol. It's a dirty trick that allows me to merge both of the Bitcoin-related price scales without merging in CPI , while also keeping inflation data back to the 2009 genesis block. This is because BLX data only starts in July 2010 and having it as the primary symbol would have suppressed inflation data prior to that. I picked Visa simply because its IPO happened shortly before the first Bitcoin block was mined, so it removes most of CPI's irrelevant data dating back to 1947. Unfortunately I couldn't completely hide it (you can still see its value in the price scale if you zoom out a lot). Additionally, the chart skips the days on which Visa wasn't trading (but that shouldn't matter on a large scale).
Drag the time/price scale to adjust data. Double-click the price scale to auto-fit vertically.
Visa for 09162020 SessionWe have a nice buying tail in the low of Monday´s session, and today´s session, price had a rotation above this tail and it generated value higher than yesterday, also, today´s high is poor, for that, reason if we go back to 204,18 we can look for longs to target previous POC (205) and the other target can be 208 to repair today´s poor high
VISA swing idea$V #V Wait for bearish momentum to cool off, 50ema (red line) at support, if it bounces and cross 20ema (red line) will rocket to the pre-market crash level.
Very good risk/reward play backed by exceptional company fundamentals and future prospects.
PriceTarget: 215
Stop loss if going under the 50ema or 200$.
Visa Inc (V) - sell on bounce Visa Inc (V) is in corrective mode as double zigzag WXY, where Y down cycle in play. It has completed A of Y down and B is in progress, so wait for more bounce to get in to for C wave down for target around 195 or even lower. B might end near 202.50-204 and invalidation level should be above 207 for trade set up.
V - 7.17% Profit Potential - Corridor BreakoutBe careful with this one. It is a highly risky trade from a technical perspective, however, I'm keeping the Stop Loss at circa -1% in order to preserve capital.
We traded V a couple of weeks ago, and we made a quick 4% . Visa is one of my favorite stocks to trade and it hardly disappoints me.
Corridor broken out after a 3-month correction following an incredible bull run. Multiple support confirmation on the 5-min chart. Support manage to hold up quite well even during the recent meltdown. Indicators are obviously not on our side, since we are playing the bounce.
- Historical Uptrend
- RSI + Stoch below 50 (!)
- MACD below Signal (!)
Target Entry $201.79
Target Stop Loss $199.17
Target Exit $216.01
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.