Visa may fall to 239.10 - 244.60

Our pivot point stands at 271.7.

Our preference

The downside prevails as long as 271.7 is resistance.

Alternative scenario

Above 271.7, look for 281 and 286.5.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 265.0145 and 269.8046).

Supports and resistances

286.5 **

281 *

271.7 **

268

263.1 (USD-last)

250

244.6 **

239.1 *

233.9 **

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