Visa is neutral

267.4 is our pivot point.

Our preference

Look for a drop towards 267.4 before a bounce.

Alternative scenario

Below 267.4, expect 257.5 and 251.4.

Comment

The RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the stock is trading under its 20 day moving average (279.6635) but above its 50 day moving average (273.7226).

Supports and resistances

307.9 **

301.8 *

295.7 **

289.6

277.47 (USD-last)

271.5

267.4 **

257.5 *

251.4 **

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