$V Visa Joins the Fintech Rally

6 Eki 2020

VISA has reclaimed the 50ma as support after a sharp decline with the market in September.
As earnings approach we expect a run up into the event as VISA continues to benefit from the
surge in ecommerce due to Covid.
MACD has just completed a bullish crossover
Histogram is positive
RSI rising and room to run higher.
Old channel may act as resistance to any rally as will the previous high.
Price target $215