Visa may rise to 309.60 - 316.00

Our pivot point stands at 278.

Our preference

The upside prevails as long as 278 is support.

Alternative scenario

The downside breakout of 278 would call for 267.4 and 261.1.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 278.4975 and 277.12).

Supports and resistances

322.7 **

316 *

309.6 **

303.2

286.85 (USD-last)

282

278 **

267.4 *

261.1 **

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