Visa may rise to 287.00 - 291.40

Our pivot point is at 262.6.

Our preference

Short term rebound towards 287.

Alternative scenario

The downside breakout of 262.6 would call for 255.4 and 251.1.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading above its 20 day moving average (268.9015) but under its 50 day moving average (272.632).

Supports and resistances

296.1 **

291.4 *

287 **

282.6

269.15 (USD-last)

265.6

262.6 **

255.4 *

251.1 **

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