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Summary
- Viewing the fundamentals paints a positive picture going forward. What was holding back the stock price?
- How do the technicals help us zone in on an overhead price goal? We show how we arrive at the next likely target for the stock.
- Where might this scenario be wrong and what would cause us to shift our view?
- Looking for a helping hand in the market? Members of Stock Waves get exclusive ideas and guidance to navigate any climate. Learn More »
It was back at the end of January 2020 that our lead analyst in StockWaves was sounding warning signals for Visa (NYSE:V). Here’s a chart from Jan. 30, 2020, by Zac Mannes and his commentary:
by Zac Mannes 30JAN2020 – StockWaves / MotiveWave
“Zero break of any support yet, but man is this thing super extended (at $208).”
A few weeks later Visa found a high at $214 and then the COVID panic of March set in. A low at $134 within a few weeks turned out to be a great buying opportunity.
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