VISA Falling Wedge Poses Attractive Entry Opportunity
Price has been stuck in a falling wedge for the past several weeks; it is currently at the lower end of this pattern and we should see support come in to boost price up. Significant appreciation in price could see a break out of the falling wedge in coming days. MACD also indicates an impending uptrend in price. PT#1 is at the resistance of the wedge - around $227 - and if there is a breakout we could see it rise all the way to $236. Place a stop loss around $220 - at the lower end of the wedge - in case support fails to hold.
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