Visa may rise to 284.50 - 288.80

258.5 is our pivot point.

Our preference

Short term rebound towards 284.5.

Alternative scenario

The downside breakout of 258.5 would call for 251.1 and 246.9.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 268.3335 and 272.412).

Supports and resistances

293.4 **

288.8 *

284.5 **

279.9

265.46 (USD-last)

261.4

258.5 **

251.1 *

246.9 **

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