1
Visa Inc.’s stock price slid 1.59% in the last trading session and closed at $229.65.
2
Visa’s share (NYSE: V) price has been on a losing streak of six consecutive days wiping out almost 7% of its value.
3
Visa share price declined to close near the 200-day EMA.
Visa Inc. stock price has witnessed a free fall for the past six sessions. The stock price was in a continuous decline and witnessed the largest losing streak in September 2022, when it fell for eleven consecutive sessions.
The price action analysis illustrates that the stock seems to form a double-top pattern forming an all-time high. The stock had a previous all-time of $252 formed in July 2021. The Bulls were dominating the trend and took the price to $250. Thereafter, they lost momentum and the stock failed to gain further.
The daily chart shows that the V stock was maintaining an optimistic trend for the last two quarters and surged higher taking support fro
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