Stocks

Visa may rise to 278.20 - 283.70

2024-08-15

251.5 is our pivot point.

Our preference

Short term rebound towards 278.2.

Alternative scenario

Below 251.5, expect 242.2 and 236.7.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 261.4665 and 266.9502).

Supports and resistances

289.5 **

283.7 *

278.2 **

272.7

261.14 (USD-last)

255.1

251.5 **

242.2 *

236.7 **

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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