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Visa Daily Technical Analysis | 16 November 2017

2017-11-16 11:31 am | Resource: Technical Analysis Section | No Views : 307

Visa shares are trading in a bearish direction as a result of the breach of the bullish trend line during yesterday's trading on the 4-hour time frame as a result of the pressure of sellers on the US.

Visa Daily Technical Analysis | 16 November 2017

The short moving average and the slow moving average are approaching each other, supporting the possibility of a negative cross soon.
The index of the momentum of the MACD cross-negative and the histogram columns are decreasing below zero and that there is a negative technical deviation between the US index and the US stock
It is expected that if the price behavior is trading as long as the stock trading below 110.95 levels might target the level of 106.68 while at the breach of 112.97, it may target the level of 114.63.
Support: 108.88- 106.68- 102.79
Resistance: 112.97 - 114.63 - 116.61
Trend: Down


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