Shares of $V have a beautiful bearish wedge triangle pattern on the chart. This tells investors that the stock will drop in the near-future, likely to a target of $82.00. The fundamental reasoning is clear after the jobs data. If the economy is slowing, people will be spending less money. Less charges on the credit cards means less fees for Visa Inc. In addition, if people cannot pay their credit card bills, there could be quite a bit of unpaid defaults heading Visa's way. I am looking to short this stock for the coming move.
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Visa Inc. (V) Stock Research Links
I was trained as a psychologist, then I applied what I knew to stock trading. Stocks are representing emotion of those who buy/sell them. I post all of my trades on Insert-tag-hereVerifiedInvesting.com where they are confirmed for legitamacy by their independent verification system. I've been trading since the 90s.