Visa ( V ) Analysis 12/8/08 - Visa Technical Analysis

The following is technical analysis for Visa ( V ) stock for 12/08/08. You can find a chart of this technical analysis by visiting - http://blackberrystocks.com/visa.html

Visa ( V ) has closed over the 50 day moving average for the first time since August...this is very bullish. Pullbacks under $50 can be bought with a stop at $47. Visa has formed a double bottom around $43.60 and appears to be starting a new uptrend. Visa has resistance at $55-$57 and also $60-$62 so you have some nice gaps of upside in between. If Visa closes above $62 at any point, I think you can see Visa slowly climb back to test $70. Visa appears to have finally bottomed!

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