VISA80 trade ideas
Visa Strong Buy After Moody UpgradeMoody's upgrade of Visa to AAA3 status places it in a very exclusive club of only a handful of companies (including Microsoft). With financials like Visa has, it is difficult to see anything getting in its way short of a recession.
The technicals are extremely strong. We are in a textbook uptrend with higher highs and higher lows. The only drawback is that we appear to be overbought. But with a rating like this it is difficult to imagine even the slightest retracement in the near future.
The Kovach Momentum Indicators suggest extremely bullish long term momentum but short term momentum has dropped off slightly indicating that today might have been the only chance we had to get long. The Kovach Reversals Indicator confirms this in that the low of the day bounced off support on the lower bound of the KRI.
$V Visa may have run to far, a pullback provides opportunity.Long term Visa will be a real winner as we move closer to a cashless society in which VISA is already a dominant player. Threats to the business are fin-tech innovative platforms and also crypto related products and payment solutions which ultimately decentralize power. Visa is one of those companies along with MasterCard that should be part of a well diversified portfolio, but not at the current price, we suggest waiting for a pullback for better entry price.
VISA... SAME AS PAYPAL. SHORT IT!Made a VISA chart to compare against my paypal TA. very similar wave structure, but paypal will have more volatility. See my short term PYPL chart for entry targets.
Looking at major indexes (SPY/ DJI), the top is close. Whether youre a bull or a bear, the top of this 2019 rally is close... Algos will certainly be selling the ATH's if we even get that close. Check out the daily 200 MA's... right at the 0.618 for these stocks. Target here for a leg down.
V NYSE: Reversal candle and trend changeNYSE:V
On my chart, you can see that my indicator NYA Sequential, based on Sequential TD, signals a downward movement, as shown by a doji candlestick, which opened with a space up. For a few more arguments, I attached a few more indicators, which absolutely also signal a downward movement. In addition, on the 1W chart there are absolutely identical signals of a downward movement, as on 1D.
Do not forget that I do not deal with financial recommendations. Here I publish my ideas, perhaps thoughts, but not recommendations for your deals. If you trade, do not forget about the stop order.
$V #Visa breaking long into new all-time highsWatching Visa complete a Cup & Handle formation as it prepares to break out into fresh highs for the stock. Breaking into new highs provides little resistance for price to run, other than fib extensions and pivots. The C&H pattern provides a measured move of $30 to a potential target of $180.
Visa (V) about to test previous highNYSE:V is hours away from retesting its October 1 2018 high of 151.
If the price manages to break above the previous high, this will indicate a recovery from the price drop in October and a continued upward trend.
If not, the price may drop back to its support level of 130.