Visa Inc neutral

Visa chooses a direction

26 july 2022 38
Ivan__Titov
Ivan__Titov

Listed among the best MarketCheese authors
3rd in the segment "Indices"
Load the latest quotes
Full screen

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.

Ivan__Titov
Ivan__Titov

Listed among the best MarketCheese authors
3rd in the segment "Indices"
Comments
New Popular
Send
Commenting rules

Subscribe to our newsletter and stay up to date with all the news!