Visa may fall to 247.00 - 251.30

Our pivot point stands at 273.

Our preference

The downside prevails as long as 273 is resistance.

Alternative scenario

The upside breakout of 273 would call for 280 and 284.2.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 269.256 and 272.5628).

Supports and resistances

284.2 **

280 *

273 **

270.1

265.74 (USD-last)

255.2

251.3 **

247 *

242.8 **

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