iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Party Winding Down for Visa

funny-visa_00270765

After some weak bounce attempts in recent weeks, major credit card players like Visa are still under pressure.

On the daily chart, below, note the potential to (finally) breakdown from the well-defined, multi-month grinding rally higher.

I am stalking this one as a short this week.

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V

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5 comments

  1. BlueStar

    A breakdown in V will preassure the DOW and alert retail to impending doom.

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  2. Tony from Tampa

    Ouch! Just in time for the holiday shopping season.

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  3. operator1

    LOL! at that picture.

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