Visa may fall to 232.70 - 237.50

Our pivot point stands at 264.9.

Our preference

The downside prevails as long as 264.9 is resistance.

Alternative scenario

Above 264.9, look for 273.7 and 278.6.

Comment

The RSI is below its neutrality area at 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 265.4215 and 270.903). Finally, Visa has penetrated its lower daily Bollinger band (255.86).

Supports and resistances

278.6 **

273.7 *

264.9 **

261.6

253.74 (USD-last)

242.6

237.5 **

232.7 *

227.7 **

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