Visa may rise to 310.70 - 317.10

Our pivot point stands at 279.

Our preference

The upside prevails as long as 279 is support.

Alternative scenario

Below 279, expect 268.1 and 261.7.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 278.294 and 275.9624). Finally, Visa has crossed above its upper daily Bollinger band (289.49).

Supports and resistances

323.8 **

317.1 *

310.7 **

304

290.39 (USD-last)

283.3

279 **

268.1 *

261.7 **

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