Visa trapped in a hesitant place - Analysis - 03-08-2022

2022-08-03 11:56:49 GMT (Economies.com)
 

Visa's stock (V) declined in the intraday levels after major investors called for the credit card giant to present payment services to Pornhub, sending the stock down 2.41%, or 5.10 points, and settling at 206.26, with trading volumes surpassing 10 million shares, above 10-day averages of 7.3 million shares.

 

The stock is trading alongside the short-term downward trend line, with negative signals from the RSI, leaning thereafter on the 50-day SMA.

 

Therefore we expect more losses for the stock, targeting the pivotal support of 190.10, provided the resistance of 217.60 holds on.

 

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Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0265
0.0067
0.6597%
1.2139
0.0022
0.1816%
20.583
0.219
1.075%
92.262
3.784
4.277%
97.88
-1.74
1.75%
1796.970
15.295
0.859%
 
 
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