Thread: V - Visa Inc.
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Old 05-10-2008, 04:05 PM
Naamplao Naamplao is offline
Junior Trader
 
Join Date: Jan 2008
Location: Alberta, Canada
Posts: 136
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Well there is not a lot of data here to discuss trends but I will give it a try.

Here is the only useful SharpChart I can dish up.

V - SharpCharts from StockCharts.com

The first thing to notice is that the RSI is falling out of the "OverBought" RSI...the excitement of the ipo issue is waning IMHO. There also appears to be profit taking too as shown in the Accum/Dist which looks to be falling below its 20dayMA.

The Bollingerbands are showing the first signs of narrowing since they were first measured by the peaking of their width differential. This indicates to me that there will be no dramatic moves in the near future.

Here is the P&F chart



There has been a nice rise but lately we have hit a wall at a closing price of $89 and fell to a support level of $83.00. Note there is a "High Pole Warning" at this time....not a good sign for the near future.

Here is the yahoo.com 5 day linechart



Well the volume is normal...the trend is down...The RSI is less than 50%

The BB's are tight but the share price is in the bottom half.

My prediction is that the stock will move down below the support level then level out and go sideways for a while. The buyers of the IPO are taking their profits...now the stock is seeking a normal level.
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I am not a broker....just a chartist that retired 4 years ago and invests in the stockmarket. Do your own DD and accept or reject my observations as you wish.
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