VISA trade ideas
Visa is gaining Momentum, watch for a channel breakout NYSE:V is gaining Momentum:
ADX is climbing (> 20 would be a positive sign)
the +DI already crossed -DI
Stoch RSI is riseing
A channel break at 200 would be a positive sign - next aim test the corona gap resistances, afterwards moving to the ATH. Looking for an entry point.
Beautiful Range Setup On VisaEasy calls. You will want to play the breakouts either bottom or top range.
Key levels to watch 201 resistance and 187 support.
Breakout above you will look to hold till the highs of 214 for a nice take profit. Before taking profit at that level see how strong volume is and look for a breakout above. If breakout above hold it.
Break below support of 187 its probably going to be a lot of Distribution setup and dump.
VisaVery nice setup for Visa as it appears to be looking to break down out of a range for the past month and a half. Below the low of Friday around the $189.50 area looks like a very good opportunity to short down to a lower support for a $2 move. An overall market uptrend may try to stall this move, but it appears to be ready nonetheless.
#Visa forming 2 months #Rectangle consolidation #ChartPatternVisa forming 2 months well defined continuation rectangle chart pattern setup. Earnings on deck tomorrow so the breakout might not happen until then. Watch price action after the report and for a close above upper boundary on daily basis for a signal the next leg up is starting.
Keep it Simple!
V Short for Week of 7.26This is a short term short.
V is looking week and looking to cool down over a few days.
With their earnings this week; I would expect the price action turns
positive with more and more people using plastic to make purchase.
Targets:
Target 1: 190
Target 2: 189.25
Target 3: 185.00
Stop: 197.5 - 200(200 above would be a break out.)
Best of Luck,
--d0x