Technical Analysis Visa V [New Trade]
The ascending trend channel remains intact and Visa testing the resistance at 155. Usually, to initiate a trade, we should wait for a comformation. Because visa is very bullish and the SP500 makes new highs (nasdaq, not yet), we open a new trade position. But it is also possible, that Visa tests the lower trend line at 104 before breakout at 155.
Profit/Risk ratio: 1.5R
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No Investment or Financial Advice.
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