Don’t Look Now, But Visa is Going Parabolic

The Daily View for Visa

  • Currently, V’s price is up $0.05 (0.02%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • Of note is that the 20 day changed directions on V; it is now pointing up. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Visa’s hourly price chart is shown below.

V

The Daily View for Visa

  • Currently, V’s price is down $-0.19 (-0.08%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Visa has now gone up 4 of the past 5 days.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of Visa.

V

Featured Visa Idea From TradingView

Below is a trading comment entitled buy eurusd you may find interesting:

buy eurusd whilst risking 22pips for 100pips. using channeling technique, wave V is projected by joining the lower chanelling line through wave II and IV and extending the upper channel line to wave III. wave V is the last wave of the 5 impulse wave to form wave 1 of major wave 3. a downtrend to at least 32.8 of this monthly bullish wave is expected after completion of wave V

Osei-Wusu