VISA Inc. (V) has gone a long way since our buy signal almost 5 months ago (August 29 2024, see chart below):
As you can see it was a buy signal just before a 1W MACD Bullish Cross, and straight hit our $320.00 Target before it started pulling-back again the past 30 days.
The +2 year Channel Up pattern is intact and in fact the recent break below the 1D MA50 (blue trend-line) is the first buy signal that is being waved as the price is almost at the bottom of the internal (dotted) Channel Up, which is the Bullish Leg of the +2 year pattern.
The minimum decline within this pattern has been -7.30% so there is still some room for a new low but the 1D MACD indicates we might be seeing a Bullish Cross soon.
In any case, this is a solid level for a first buy entry if you are a long-term DCA investor. Target the top of the 2-year Channel Up at $330.00.
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As you can see it was a buy signal just before a 1W MACD Bullish Cross, and straight hit our $320.00 Target before it started pulling-back again the past 30 days.
The +2 year Channel Up pattern is intact and in fact the recent break below the 1D MA50 (blue trend-line) is the first buy signal that is being waved as the price is almost at the bottom of the internal (dotted) Channel Up, which is the Bullish Leg of the +2 year pattern.
The minimum decline within this pattern has been -7.30% so there is still some room for a new low but the 1D MACD indicates we might be seeing a Bullish Cross soon.
In any case, this is a solid level for a first buy entry if you are a long-term DCA investor. Target the top of the 2-year Channel Up at $330.00.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.