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Visa Daily Technical Analysis | 1 December 2017

2017-12-01 11:45 am | Resource: Technical Analysis Section | No Views : 298

In the middle of last month, we pointed to Daily technical analysis of Visa that the break of the American stock of the rising trend line. Currently, the stock failed to breach the 112.97 level due to weak buyers. During yesterday's trading, the stock rebounded from 106.68.

Visa Daily Technical Analysis | 1 December 2017

Currently, our neutral view on the American stock as long as trading between levels of 113.62 to 106.94 while the general trend continues to rise as the time frame 240 minutes, and the simple moving average and slow moving average signal neutral as a result of interference with the price movement.
Momentum is a bearish cross but the sellers' resolve is not strong enough to break the $ 106 level.
It is expected that if the US stock breaks 113.62 levels, it might target 116.61 on the other side, if breaching 106.94 might target the 102.79 level.
Support: 108.88- 106.68- 102.79
Resistance: 112.97 - 114.63 - 116.61
Trend: Down


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