Visa may fall to 260.20 - 263.50

279.6 is our pivot point.

Our preference

Under pressure below 279.6.

Alternative scenario

Above 279.6, look for 285.1 and 288.5.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 275.3415 and 276.7624).

Supports and resistances

288.5 **

285.1 *

279.6 **

277.4

274.49 (USD-last)

266.8

263.5 **

260.2 *

256.9 **

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