Solid News

Visa Inc., Technical Analysis

12/2/2022 10:17 AM

Shares of Visa Inc., the largest US multinational payment services company, are correcting at 216.00.

On the daily chart, the price consolidated above the resistance line of the global downward channel with dynamic boundaries 170.00–206.00, trying to grow.

On the four-hour chart, the quotes are close to the trend high of August 16 at 217.00: after consolidation above it, the potential for further upward dynamics will increase significantly, otherwise a reversal and correction to the range resistance line at 205.00 is expected, followed by a return to the channel.

Technical indicators keep a stable buy signal: the range of fluctuations of the EMA on the Alligator indicator is directed upwards, and the histogram of the AO oscillator forms rising bars.

Solid ECN Securities and it affiliates don't accept applications from Indonesia, Egypt, Australia, Bonaire, Curaçao, East Timor, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, South Sudan and other restricted countries.
Copyright All Right Reserved 2023