Visa may fall to 255.30 - 258.80

Our pivot point is at 276.2.

Our preference

The downside prevails as long as 276.2 is resistance.

Alternative scenario

Above 276.2, look for 282.1 and 285.7.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 273.869 and 274.2134).

Supports and resistances

285.7 **

282.1 *

276.2 **

274

270.66 (USD-last)

262.3

258.8 **

255.3 *

251.8 **

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