Stocks

Visa may rise to 290.70 - 294.40

2024-06-09

Our pivot point is at 272.4.

Our preference

Our next up target stands at 290.7.

Alternative scenario

The downside breakout of 272.4 would call for 266.6 and 263.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 275.7355 and 274.711).

Supports and resistances

297.7 **

294.4 *

290.7 **

287.3

278.67 (USD-last)

274.6

272.4 **

266.6 *

263 **

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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