Visa may fall to 232.50 - 238.40

Our pivot point stands at 270.2.

Our preference

The downside prevails as long as 270.2 is resistance.

Alternative scenario

The upside breakout of 270.2 would call for 280.4 and 286.4.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 263.3635 and 268.0148).

Supports and resistances

286.4 **

280.4 *

270.2 **

266

256.52 (USD-last)

244.5

238.4 **

232.5 *

226.6 **

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