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Visa Daily Technical Analysis | 27 December 2017

2017-12-27 09:15 am | Resource: Technical Analysis Section | No Views : 293

Visa shares broke last week's bullish trend line on the 4-hour interval after, the US failed to breach 114.63 zones and failed to breach 112.43 levels.

Visa Daily Technical Analysis | 27 December 2017

Our bullish outlook remains intact due to the lack of confirmation of the breach of the minor ascending trend line as the stock is still trading above 112.43, the simple moving average and the slow moving average are crossed negatively but without confirmation.
The index of the moment of the MACD intersect negatively and the fact that the summit is lower than the other while the arrow is higher than the other, indicating a negative technical deviation under formation.
It is expected that if the American stock breaks 112.43 levels, it might target the level of 108.44 on the other side if the breach of 114.63 might target the 116.61 level.
Support: 109.20- 106.68- 102.79
Resistance: 114.63, 116.61, and 120.00
Trend: nautral


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