Visa Short Term: short term rebound
May 8, 2024 09:04
Visa (V.US)
-0.02-0.01%
short term rebound.
268.7 is our pivot point.
Our preference: short term rebound.
Alternative scenario: the downside breakout of 268.7 would call for 263.3 and 260.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the share stands above its 20 day moving average (272.3365) but below its 50 day moving average (277.8712).
Supports and resistances:
294.3 **
290.9 *
287.6 **
284.3
276.46 (USD-last)
270.7
268.7 **
263.3 *
260 **
Our preference: short term rebound.
Alternative scenario: the downside breakout of 268.7 would call for 263.3 and 260.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the share stands above its 20 day moving average (272.3365) but below its 50 day moving average (277.8712).
Supports and resistances:
294.3 **
290.9 *
287.6 **
284.3
276.46 (USD-last)
270.7
268.7 **
263.3 *
260 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
