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Visa Inc., ( $V ) is one of the MVP stock ( Microsoft, Visa and PayPal) and offering a potential buying price between $165.84 – $174.13, as of June 13th , 2019. Let’s look at the stocks technical actions using a weekly chart.
2. The stock was in a consolidation late last year. It’s even dived below the 50 day moving average line support.
3. The stock had a solid run when it broke out from the consolidation.
4. The accumulation volume also heavier than the distribution.
4. The stock found support or traded above the key 50 DMA.
5. The stock appeared to be in a quick consolidation.
6. It lost the 50 DMA line support during the consolidation, but quickly took it back on a rock solid volume.
7. The stock is offering a potential buying price between $165.84 – $174.13 with a stop loss at $152.57.
