$V TOP 20
Added 2024-07-23 16:16:10 +0000 UTCBig earnings report coming up after the close today for Visa, our newest addition to the Top 20 list.
Price is sitting on the 200 Day MA, in between the 50 Day MA, which means the price is getting squeezed right now leading into the close before earnings.
This usually implies a strong move is next.
Overall the price is in Wave 3 of an impulse wave and above its 2021 high blue line at $252.
It has also formed a bullish structure in this flag leading up to earnings too.
$V has a habit of not missing on earnings but the guidance will be the concern, which is why it has pulled back to its 200 Day MA I assume.
However, this makes for a good opportunity if margins are maintained or improved and a healthy guidance.
A break above the 50 Day MA at $272 and holding should encourage members to add.
