Visa Inc. (V.NYSE)

6 November 2018

Technical Summary: The stock of V has been one of the best long term holds in this bull market. The price action has moved from the bottom left of the screen to the top right on all time frames. The stock is currently trading in a small pull back below the 50 day moving average after a long period of time trading above it. The pattern looks quite similar to the action from February earlier in the year. In February the stock worked through a basing period in which volatility decrease along the range of the base. The question for holders now is whether the same thing will happen or if the stock will breakdown further.

Strong uptrend for V

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