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Visa Daily Technical Analysis | 18 September 2017

2017-09-18 07:35 pm | Resource: Technical Analysis Section | No Views : 288

Visa shares are trading in a bullish direction over the 4-hour interval, the stock failed to breach the 106.7 level due to buyers and decreased their momentum resulting in a break in the bullish direction forming the breach of the previous peak and forming a lower bottom than the previous one.

Visa Daily Technical Analysis | 18 September 201

RSI shows a negative technical divergence in the composition between the index and the American Visa stock, which is an Emiri that does not support buyers but supports sellers.
The Bollinger Bands indicates that the stock failed to break through its upper limits and resume trading within it.
It is expected that, as long as Visa shares are trading below 106.70, it targets the $ 101.63 level, but the breach of 106.70 might target the 108.25 level.
Support: 104.09- 101.63 - 98.71
Resistance: 106.70- 108.25- 110.38
Trend: Up

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