Visa may fall to 257.70 - 261.30

Our pivot point stands at 278.3.

Our preference

The downside prevails as long as 278.3 is resistance.

Alternative scenario

The upside breakout of 278.3 would call for 284 and 287.6.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands above its 20 day moving average (273.1765) but below its 50 day moving average (274.0112).

Supports and resistances

287.6 **

284 *

278.3 **

276.1

273.62 (USD-last)

264.5

261.3 **

257.7 *

254.5 **

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