From its two-years long minimum of 185.76 Visa stock rebounded 15% over the past month. However, now as well as at the beginning of June there is a resistance 217-218 on the way to further growth. Last week this level wasn’t overcome, moreover, prerequisites for a downward movement were formed.
“Bearish Engulfing” and Stochastic are giving sell signals. In case today’s financial report fails to give investors a boost of optimism, Visa will head to open gap at the 61.8% Fibonacci level (205.6). If the reporting is met well, the nearest growth targets are the previous local highs of 217.7 and 224.6.