Visa may fall to 246.60 - 250.30

Our pivot point stands at 273.7.

Our preference

The downside prevails as long as 273.7 is resistance.

Alternative scenario

The upside breakout of 273.7 would call for 279.9 and 283.6.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 272.8335 and 273.7386). Finally, Visa is trading below its lower daily Bollinger band (standing at 265.33).

Supports and resistances

283.6 **

279.9 *

273.7 **

271

262.47 (USD-last)

253.9

250.3 **

246.6 *

243 **

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