Visa may fall to 258.30 - 261.90

Our pivot point stands at 279.5.

Our preference

As long as 279.5 is resistance expect 261.9.

Alternative scenario

The upside breakout of 279.5 would call for 285.3 and 288.9.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under its 20 day moving average (275.2145) but above its 50 day moving average (274.558).

Supports and resistances

288.9 **

285.3 *

279.5 **

277.1

274.67 (USD-last)

265.4

261.9 **

258.3 *

255.1 **

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