Visa stock has done a channel breakout on November 19, 2019. In addition to the channel breakout, there is incredible bullish options flow on November 19, 2019.
Click here to download the complete options flow in V stock on November 19, 2019.
The most bullish catalyst in the last few weeks that could be driving V stock higher is that China mobile payment companies Alipay (BABA) and WeChat Pay (TCEHY) will now allow payments to be made with foreign cards, Reuters’ Brenda Goh and Li Pei report. Visa commented that “This partnership means that we’ll be working towards an environment where Visa cardholders will be able to use their Visa card in China at the millions of places where WeChat Pay is accepted.”