Stocks

Visa may fall to 261.40 - 264.70

2024-05-22

Our pivot point is at 282.9.

Our preference

As long as 282.9 is resistance look for 264.7.

Alternative scenario

Above 282.9, look for 288.7 and 292.1.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the share stands above its 20 day moving average (275.3615) but below its 50 day moving average (277.3858).

Supports and resistances

292.1 **

288.7 *

282.9 **

280.7

275.95 (USD-last)

268

264.7 **

261.4 *

258.1 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

Introduction to Tradingtop Site

Related Articles


Return to All Articles