Market Snapshots

Visa Wave Analysis 10 November, 2020

Visa Wave Analysis 10 November, 2020

• Visa reversed from key resistance level 217.00

• Likely to fall to 207.00

Visa recently reversed down from the key resistance level 217.00 (which stopped the previous sharp upward trend in September) – standing above the upper daily Bollinger Band.

The downward reversal from the resistance level 217.00 stopped the impulse wave (i) of the previous wave B from the end of October.

Given the overbought daily Stochastic – Visa is likely to fall further toward the next support level 207.00 (former monthly high from October).

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