Short on Visa

Despite all the good news about Visa, my opinion is that it will go down.

We can notice that a head and shoulder has been formed. This is a reversal pattern that have been taking form for almost 7 month. We can also see the volume that accompanied the neck break. (In a few words, this is a confirmation that there is a reversal in the market trend.

We can also visualize another head and shoulder that was formed in a downtrend, (Just after the break of the first one) but unlike the one mentioned above, this one is not being accompanied by a high volume.

In my opinion, as long as there is not a significant purchases on Visa´s Shares, “it is better go short”