Visa update with buy opportunityHey all,
im long in VISA and have been in it for a year ( SwingTrading )
Visa have been in a up trend since the lunch in 2008, and it have been holding the 50 / 100 MA PERFECTLY for many years ( unbeliveable )
Visa er a healthy business and i think it have a lot in it then it shows ( fundamental analysis is very positiv )
link to visa earnings : investor.visa.com
I have put in a green line, to show where the FIBO retrancement 0,681 ends.
The plus side here is it just on the support line and could mean a posible new buy pos ( but we have to bare in mind the china VIRUS can have a small impacted on all stocks )
so we have to be carefull befor making the buy ( lets see if it holds the support line on monday ) or will it go down to the 50 MA line.
lets see what happens
your more then welcome to reply and share your thoughts
( This is not an investment advice - always remember to do your own reseach )
