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Investor Alert On Visa (V) Stock Chart

Investor Alert On Visa (V) Stock Chart

The stock chart on Visa (V) should concern stock investors and traders. There is a classic bear wedge developing on the chart. Technical traders will tell you this is a strong sell signal. Visa shares will likely see significant downside when the low pivot of the wedge is violated. The 3 month price target signals a move to $157.00 from its current $180.82. The investors public largely remains bullish on the credit card stocks.

Investors should be wary as a likely major talking point for the presidential candidates in 2020 will be credit card interest rates on the poor and middle class households. This could be a significant headwind and mean there is no upside in these stocks for over a year. Investors should consider themselves on notice. Visa stock is rated a sell by Master Trader Gareth Soloway. He expects the $157 price target on Visa stock to be hit by end of year with more downside in 2020 into the elections.

 

GET GARETH’S TRADES RIGHT NOW! Also make sure to join him for the first (new website) live broadcast for members of his Verified Investing Alerts TONIGHT at 9pm ET!

 

Gareth Soloway Trading Investing