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.
This content is for informational purposes only and is not intended to be investing advice.
