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See This Bearish Triangle On $V & Drop Target

Shares of Visa Inc (NYSE:V) have a beautiful bearish wedge triangle pattern on the chart. This tells investors that the stock will drop in the near-future, likely to a target of $82.00. The fundamental reasoning is clear after the jobs data. If the economy is slowing, people will be spending less money. Less charges on the credit cards means less fees for Visa Inc. In addition, if people cannot pay their credit card bills, there could be quite a bit of unpaid defaults heading Visa's way. I am looking to short this stock for the coming move.

Bearish stock chart wedge pattern on shares of Visa Inc