Bought Visa today in the after hours after it drew near a double key technical line around the $60.52 level at $61.14. Will be expecting a bounce tomorrow as MACD and stochastic is also confirming that its ready to turn.
Fundamentally this stock is solid and have been wanting to enter this stock but could not get the right timing until my friend called me and asked what was going on with Visa. Then after checking out the charts I got SOLD!!
This stock has been dragged down with the rest of the broader market and put that on top of the bad retail sales numbers from the US and the UK it is pretty much understandable that the market panicked and sold off. Exit strategy will be placed below the $60.40 level and will be watching the $64.04 level to reassess my position.
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