Visa, Inc. (V) and Mastercard, Inc. (MA) are working on possible pocket pivots here as they work their way up through or up off of their 10-dma within their respective consolidations. Financials are very strong on the heels of the European commitment to QE, and as stocks that have held up well we might expect MA and V to work in a continued market rally. We are currently testing a position in V, and in most cases it is possible to take an initial position if a stock is showing a strong possiblity of meeting the pocket pivot volume requirement with the idea of bailing out if the price/volume doesn't pan out or adding to your initial position if it in fact does. AS always, flexibility is critical.
PPR - Pocket Pivots in Real-Time: Charging it Up with Visa (V) and Mastercard (MA)
|Published:||27 Oct 2011 18:56 ET|
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2021 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.