Visa may rise to 305.20 - 311.50

Our pivot point is at 275.3.

Our preference

The upside prevails as long as 275.3 is support.

Alternative scenario

The downside breakout of 275.3 would call for 264.5 and 258.3.

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 279.8045 and 278.0906).

Supports and resistances

317.8 **

311.5 *

305.2 **

298.6

283.76 (USD-last)

279.3

275.3 **

264.5 *

258.3 **

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