Actionable news
All posts from Actionable news
Actionable news in V: VISA Inc,

Visa Stock Will Crash Soon, and This One Chart Shows Why


Visa (V - Get Report) has risen, out of the ashes of 2009, in one of the most pristine, impulsive rally structures one could ever hope to see. That is where the good news ends, at least for the next few years. As the monthly bar chart below shows, the "then" part of this historical "if-then" pattern is the path that our blue arrows imply: at least a decline into the green box that is defined by $40 +/-$10.

If our labeling is accurate, all five of the red numbers 1 through 5 are able to be placed, according to the guidelines of Elliott Wave and Fibonacci theories, throughout the pattern, allowing for the completion of the entire rally from $10 up to this $80 area. While a slightly higher probe into the $85...