Solid News

Visa Inc., Technical Analysis

9/5/2022 12:07 PM

Shares of Visa Inc., America's largest multinational payment services company, are correcting at 198.00.

On the daily chart, a global Triangle pattern with dynamically narrowing boundaries at 185.00–217.00 is developing, and at the moment, the price is heading towards the support line.

On the four-hour chart, it is seen that the even down wave has a high potential for implementation since the only serious obstacle in the form of support around 200.00 has already been overcome by now, and quotes have headed towards the support line around 185.00.

Technical indicators confirm a sell signal: indicator Alligator's EMA oscillation range is directed downwards, and the AO oscillator histogram forms downward bars.

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