I mainly invest using backtested methods - my current strat expects visa to rise an average of 1.4% over the course of the next 7 days.
Now that that's out of the way, I looked at the stock with literally no technical analysis knowledge and measured it's standard drawdown period.
It's very common for the stock to drawdown for 7, 14 or 30~ days and then rebound heavily.
That's basically it, based on the historical performance of Visa and it's inclusion in a strategy that does 1.4% on average after a buy signal, I'm bullish Visa.
This is my first post btw. Please forgive formatting, and the mess.
Now that that's out of the way, I looked at the stock with literally no technical analysis knowledge and measured it's standard drawdown period.
It's very common for the stock to drawdown for 7, 14 or 30~ days and then rebound heavily.
That's basically it, based on the historical performance of Visa and it's inclusion in a strategy that does 1.4% on average after a buy signal, I'm bullish Visa.
This is my first post btw. Please forgive formatting, and the mess.