The following is technical & fundamental analysis for Visa ( V ) stock for 1/26/09. You can see a chart of this analysis by going to http://blackberrystocks.com/visa.html
Visa ( V ) Support and Resistance Levels:
Resistance - $47.50, $50, $52
Support - $43.50, $41.78, $40
Visa ( V ) has totally broken down and broken both low points ( $43.65 and $43.54 ) that formed the double bottom....this is very concerning and is bearish for the stock. Resistance is now at the $47.50 area and if Visa gets a close over this level, $50 will be tested. $50 is another strong resistance level but if closed above you could get buyers flowing back into the stock again. Right now, support appears to be at $42 for Visa. The problem with Visa stock is the company is so tied to the economy. With all the unknowns out there, speculating Analysts have nothing good to say about the current state of the economy and will downgrade a stock like Visa. The stock market typically turns upward six months before the economy starts to show improvement and Visa will be the first to turn with the market. My opinion - If Visa stock dips below $40 I will have to start a long position.
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Showing posts with label visa analysis. Show all posts
Showing posts with label visa analysis. Show all posts
Saturday, January 24, 2009
Saturday, December 6, 2008
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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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!
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Thursday, October 23, 2008
Visa ( V ) Analysis 10/23/08 - Visa Technical Analysis
The following is technical analysis for Visa ( V ) stock for 10/23/08.
Visa ( V ) Technical Analysis:
Visa continues to be weak as we go into this recession period....V has failed to close above its 10 day moving average for awhile now. Support is at $47.50 and if that doesn't hold you could test $45 and below. I am waiting for a new low tag to form before I get long this stock. There is resistance in the low $50's up until $56......then its smooth sailing until $62.
If you are looking to take a long position...rather then trying to catch the bottom...buy V when it breaks through the highs of the day after 9:45am est, then set a stop for that high of the day. Usually when stocks break the HOD, it is for a good reason, there is buy interest. To many traders get caught trying to buy on dips only for the stock to trade lower......by the time it comes back to where you bought the stock at you are more inclined to sell into the strength, missing the move higher.
Visa ( V ) Technical Analysis:
Visa continues to be weak as we go into this recession period....V has failed to close above its 10 day moving average for awhile now. Support is at $47.50 and if that doesn't hold you could test $45 and below. I am waiting for a new low tag to form before I get long this stock. There is resistance in the low $50's up until $56......then its smooth sailing until $62.
If you are looking to take a long position...rather then trying to catch the bottom...buy V when it breaks through the highs of the day after 9:45am est, then set a stop for that high of the day. Usually when stocks break the HOD, it is for a good reason, there is buy interest. To many traders get caught trying to buy on dips only for the stock to trade lower......by the time it comes back to where you bought the stock at you are more inclined to sell into the strength, missing the move higher.
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