Visa may fall to 259.90 - 263.20

Our pivot point stands at 281.9.

Our preference

Under pressure below 281.9.

Alternative scenario

Above 281.9, look for 287.4 and 290.8.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 275.343 and 277.0008).

Supports and resistances

290.8 **

287.4 *

281.9 **

279.7

274.23 (USD-last)

266.5

263.2 **

259.9 *

256.7 **

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