Visa slips 3.6%, but the trend gains conviction
Visa slips 3.6% this week, but the double bottom near 313 holds the structure
Visa slips 3.6%, but the trend gains conviction
Our view last week
Visa is in its 9th week of a buy signal, up 10.4% from entry. Signal strength has faded to 20 out of 100 and the setup quality indicator is in a maturity tension phase: a picture that calls for management rather than reinforcement. The stock ranks 119th among the 125 buys already running for US stocks, hugging its all-time high.
This week's summary
Visa shares slip 3.6% this week, but the pullback carves a clean double bottom near 313, with an intermediate 6% bounce. The weekly ADX is climbing and the structure stays orderly, even as buyers lost ground on the last session. The buy signal, in its 10th week, remains in a maturity tension phase: the trade is up 6.4% from entry, though it has slipped near the bottom of the still-open US buy ranking.
IQS Phase
72
in tension
Signal Strength
27
low · fading
Sizing
MINIMUM
Ranking
#123 / 129
US stocks in progress
Trade P&L %
+6.38%
from signal to today
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