01.07.2015 - The price of Visa is likely to continue to grow

Visa's stock price after some consolidation near the lower boundary of the rising channel started to correct upwards and according to our estimates in the near future will continue to grow to 69.40 and 70.00. Overcoming these levels will be the basis for further growth of quotations to 72.00 and 74.00. On the other hand, a breaking through the lower boundary of the channel and fixing below 66.70 will be the basis for opening short positions with a target at 63.00. Our medium-term outlook is positive.

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