Visa Does it Again: Heads Down for the 2nd Straight Day

The Daily View for Visa

  • At the moment, V’s price is up $0.18 (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.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Visa. Given that we see downtrend on the 20 and 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • Most noteworthy in the world of moving averages on the daily chart is that the 100 day moving average has been crossed, so that price is now turning below it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Visa’s hourly price chart is shown below.

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The Daily View for Visa

  • At the time of this writing, V’s price is down $-2.51 (-1.11%) from the day prior.
  • This is the 2nd day in a row Visa has seen its price head down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart 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.

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Featured Visa Commentary From Twitter

CY Leung tries to argue that HKers calling for direct elections = calling for independence, accusing @Nectar_Gan of getting her facts wrong when the historical record clearly shows that independence was a v, v fringe idea in 2014 (& still is)
https://t.co/tKDyIBv2XL https://t.co/ccqf8oEBwFNA

sunchartist