Visa may fall to 244.60 - 248.80

Our pivot point stands at 268.9.

Our preference

The downside prevails as long as 268.9 is resistance.

Alternative scenario

The upside breakout of 268.9 would call for 275.8 and 280.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 269.485 and 272.6202).

Supports and resistances

280 **

275.8 *

268.9 **

266.3

262.55 (USD-last)

252.7

248.8 **

244.6 *

240.7 **

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