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V trade ideas

Fasten your seatbelts!H ere’s a Thought! 27 July, 2020, by Vladimir Rojankovski, Senior Analyst, Grand Capital Global payments processor Visa reports earnings on July 29, and it will be more than just one more set of quarterly financial numbers. Investors will get a direct insight into how consumer spending is being affected by the pandemic and an uncertain economy. This quarter revenues for the payments processing giant are expected to drop by roughly 17% to $4.81 billion versus $5.84 billion a year ago. This anticipated drop has a lot to do with lower transaction volume as many stores were closed throughout the quarter. With that said, there is optimism for a potential beat driven by increased digital payment volume as more and more people shopped online. Indeed, dealing with paper money has now become not only unsafe, but also unsanitary. So VISA’s performance will be more or less accurately reflecting the real global consumer spending, and households’ entire propensity to consume, and how efficient the world’s largest central banks’ and governments efforts to offset the COVID-19 impact. So fasten your seatbelts!
NYSE:VShort
by VladimirRojankovski
VISA same buy setups like MASTERCARDHi everyone: V has similar price action like MA in my other analysis. We see the same bull impulse up and price now forming continuation correction. I am expecting price to correctively go down once more to complete this correction before the strong bull momentum comes in. Alternatively, price can break above now and forming continuations to keep going up. When price break above this current correction impulsively, then we can expect price to continue up and hit the previous tops. Traders, if you like my analysis, please like, follow, and comment. I welcome all kinds of feedback, suggestions and opinions, thank you.
NYSE:VLong
by jojofang0901
2