VISA Pull-back to the 1D MA50 possible.

21 Des 2023

Visa Inc. (V) has gone a long way since our last analysis (see chart below) which hit both our bullish and bearish targets:

The stock has made a +15.40% Higher High from the bottom of the long-term Channel Up, which is consistent with 2 out of the 3 previous Bullish Legs within this pattern. After those Higher Highs were formed, pull-backs to Higher Lows of -8.41% to -10.82% followed, all of which hit or approached very closely the 1D MA200 (orange trend-line).

As a result, our sell's target will be at least on the 1D MA50 (blue trend-line) at $250.00.

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