4V trade ideas
Visa Psychological Resistance 200Possible psychological resistance at $200 a share, wouldn't recommend shorting this as this is a very consistent stock, providing steady returns, however it will be interesting to see what occurs once price has broken the $200 milestone. Also sitting at top of regression trend, which may lead to a small pullback
VISA - Making a nice RUN outside of the predicted channel seen hVISA - Making a nice RUN outside of the predicted channel seen here. 12 month price targets for Visa in the last 3 months. The average price target is $212.45 with a high forecast of $239.00 and a low forecast of $194.00. The average price target represents a 9.79% increase from the last price of $193.50. ------------ NOTES: The last 12 months and Visa (V) has risen 39% already.
New highs. Will the run continue?? I think it is possible for sure for eventual growth....as it is only near the lower forecast of $194 minimum levels.... IMO>
VISA - DAILY CHART
Hi, today we are going to talk about Visa and its current landscape.
As nowadays we live in a consumerist society and access to a credit card has continually become easier to obtain, is reasonable to predict that the card debts are also going to rise too, as financial education isn't the strong point of U.S consumers, and are used to the debt culture.
The heat up U.S economy put credit card companies in a more comfortable zone as the unemployment rate remains near to historic lows, which helps customers to keep up with their bills. However, the question that worth to be raised here is, if the 90 days past due card debt is probably surging to 2.01%, the highest level since 2010 amid a heated economy, what is going to happen with this type of debt, once the U.S economy make its first downward movement of correction and make harder for customers pay their credit card bills. Even with the credit card issuers tighten their credit standards, we can't be sure it's going to be enough to avoid a crisis on the sector, which could lead to a flood of bad debt, decline of new credit card issuance and other types of liabilities. This scenario could mean concerning news for Visa if the company doesn't progressively start to deploy the proper countermeasures for this scenario.
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V (VISA) LONG TIS THE SEASON AND MOREVISA has strong buy signals, green candles AND READ TODAY'S STORY IN YAHOO FINANCE
Visa Inc. V has partnered with MFS Africa, the pan-African fintech leader, to close the gap between the rapidly growing mobile money ecosystem in Africa and the world of online digital payments.
The agreement will significantly expand Visa’s reach and its ability to facilitate commerce in the region.
Earnings - January 30, 2020
[Long Idea] VV is a big component of the XLK Technology ETF. XLK is already at all time highs, leading the S&P index higher.
The technology sector generally is a safe haven from inflation, which we might be getting soon.
If the market continues to refuse to pullback, we could see a parabolic blow off top, XLK could lead and V could have a lot of upside left.