Visa may rise to 286.40 - 292.30

Our pivot point stands at 257.7.

Our preference

Our next up target stands at 286.4.

Alternative scenario

The downside breakout of 257.7 would call for 247.6 and 241.8.

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 both its 20 and 50 day moving average (respectively at 261.445 and 266.6954).

Supports and resistances

298.2 **

292.3 *

286.4 **

280.3

267.38 (USD-last)

261.4

257.7 **

247.6 *

241.8 **

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