Visa’s stock price (V) rose in the intraday levels, amid the dominance of the downward correctional wave in the short term, while the stock was impacted by piercing the secondary upward trend line previously in the short term, with negative pressure from the 50-day SMA.

The stock is trying to recoup some recent losses and vent off oversold saturation from the RSI with positive signals coming out of them.

Therefore we expect the stock to return lower, targeting the support of $265.60, provided the resistance of $277.70 holds on.

Trend forecast: Likely Bearish