Visa may rise to 283.80 - 289.40

Our pivot point stands at 256.8.

Our preference

Short term rebound.

Alternative scenario

The downside breakout of 256.8 would call for 247.5 and 242.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the stock is trading above its 20 day moving average (264.7335) but under its 50 day moving average (269.2638).

Supports and resistances

295 **

289.4 *

283.8 **

278.2

265.93 (USD-last)

260.5

256.8 **

247.5 *

242 **

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