Liang0020
01-29

$Visa(V)$

Earnings:
Rep: $2.41 EPS ✅ Higher Than Expected
Exp: $2.34 EPS

Revenue
Rep: $8.6B ✅ Marginally Higher Than Expected
Exp: $8.56B

6 - 12 Month Trade
A potential 29% relatively safe return for the 2024 year in this dividend paying, well performing blue-chip stock. c$2.00 per annum dividend per share .

Monthly Chart (left)

✅ Long Term Monthly Trend Intact
✅ Above 10 month moving average

Daily Chart (right)

✅Cup and Handle Breakout
✅Above 200 day aligning with diagonal support

🎯 Target 1 at $330 is where the long term and short term fib extension levels indicated overhead resistance will like be. Taking 80% of the position off the table here would be wise. The Cup and Handle tare may be reached at a much later date after a correction.

🟢ENTRY ZONE: $254
$264 would be ideal but I may enter earlier

❌STOP
The stop should be placed just under the horizontal support line at roughly $249. IF the 200 day or diagonal support is lost exit the trade. Same goes for the 10 month moving average on the long term chart.

Take a tighter stop is its a larger position.

Technical Analysis
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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