$Visa(V.US) fell over 3% on Thursday, closing at $422.59, but remains above the 9-, 21-, 50-, and 200-day moving average…
$Visa(V.US) fell over 3% on Thursday, closing at $422.59, but remains above the 9-, 21-, 50-, and 200-day moving averages, with the MAs maintaining a bullish alignment.
The 14-day RSI stands at 61.7, still away from overbought territory; the 20-day high of $442.23 also marks a 52-week high, suggesting Thursday's pullback was more likely dragged down by broader market weakness from elevated levels.
Key levels: The 9-day MA near $415 serves as the first support and entry reference; stop-loss is set below the 21-day MA at $405, specifically at $400; target is the previous high of $442. Risk-reward ratio is approx. 1:1.8. Hold above $415 to target the prior high; exit if $405 breaks.
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