Visa may rise to 296.30 - 302.10

Our pivot point stands at 267.4.

Our preference

As long as 267.4 is support look for 296.3.

Alternative scenario

The downside breakout of 267.4 would call for 257.5 and 251.7.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day moving average (281.52) but above its 50 day moving average (272.6562).

Supports and resistances

308.2 **

302.1 *

296.3 **

290.4

277.93 (USD-last)

271.2

267.4 **

257.5 *

251.7 **

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