Visa remains bullish on 1W and is about to do so on its 1D technical outlook as well (RSI = 54.200, MACD = 1.140, ADX = 29.207). The 1W Channel Up is what keeps the long term trend bullish and 1D is just recovering from neutral grounds the correction of March's first 2 weeks. This is nothing new for the stock as it had the same -9% correction in September 2023 after a symmetric +43.28% bullish wave. After this correction, the index extended the rally to the 1.382 Fibonacci extension before the stronger correction.
You can see that the 1W RSI pattern now is identical to then. Consequently, we again expect a technical rebound to the 1.382 Fib extension either at or over the 2 year Channel Up (TP = 419.00) by the end of the year.
See how our prior idea has worked out:
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You can see that the 1W RSI pattern now is identical to then. Consequently, we again expect a technical rebound to the 1.382 Fib extension either at or over the 2 year Channel Up (TP = 419.00) by the end of the year.
See how our prior idea has worked out:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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I trade Crypto, Forex, Indices & Commodities all from one account on PrimeXBT with TradingView charts
Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.