CFD Trading – Sell Visa Inc (V.NYS) @ $195.70. Stop @ $203.90 and Target @ $178.90

Visa Inc.  Stock Code V.NYS

Price broke below the cloud on 27 January 2021 and but managed to move above the cloud the next day. Last Friday, price was capped by the Conversion line and broke below the cloud again. Conversion and Base lines had already had a bearish crossover earlier, hinting of the bearish trend. Lagging Span is below price of 26 days ago and below the cloud, confirming the bearish trend. MACD is bearish with both lines moving away from the zero line and lower. We think price is likely to move lower to the support at  $178.85 in the next 2-3 weeks.

$195.70              Sell
$178.90              Price Target
$203.90              Risk Management Stop
3 weeks              Trade Duration

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