Stocks

Visa may rise to 281.30 - 287.40

2024-08-06

Our pivot point stands at 246.6.

Our preference

Short term rebound towards 281.3.

Alternative scenario

Below 246.6, expect 236.7 and 230.8.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 264.0465 and 268.6936).

Supports and resistances

293.4 **

287.4 *

281.3 **

275

256.44 (USD-last)

250.7

246.6 **

236.7 *

230.8 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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