See how the Rectangle is playing out for V. View live chart.
Sideways movement between parallel supports.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
Consolidation. Can break either way.
A clear signal has emerged for Visa Inc. (V) on the daily chart. The stock is trading at $311.37, up 0.64% on the day. Price action has carved out a classic Bearish Flag. The trend indicator is reading 16.6/100, suggesting moderate momentum. A potential breakout level is identified at $293.89, targeting $250.88 with support near $312.12 (R:R 2.36).
What is your outlook on V?