Visa may rise to 286.40 - 292.40

Our pivot point stands at 257.9.

Our preference

The upside prevails as long as 257.9 is support.

Alternative scenario

The downside breakout of 257.9 would call for 248.3 and 242.5.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 263.356 and 265.9424).

Supports and resistances

298 **

292.4 *

286.4 **

280.8

267.44 (USD-last)

261.6

257.9 **

248.3 *

242.5 **

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