The U.S. credit card company Visa is not going through its best moment.
The U.S. credit card company Visa is not going through its best moment. The presentation of its annual results for fiscal year 2021 did not please the market. Proof of this is the violent bearish gap left above $232, a level that has become its main reference to reconquer. The $195 level seems to have served as a good support point, logical if we take into account that it is the point where its medium-term bullish guideline currently runs. A daily close below this level would confirm a new bearish continuation signal that could take the stock towards $180-155.
Resistances: $212, $225, $235.
Supports: $195, $180, $160, $145.
Targets: (Bullish) $220, $232 (Bearish) $180, $160.
Trend structure in VISA:
- Short term: Bearish.
- Medium term: Neutral-bullish.
- Long term: Bullish.