'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Monday, July 15, 2013

Visa (V) - A Classic Example of Long Term Investment

Showing here a monthly and weekly chart of Visa since its IPO in the latter part of 2009. The monthly chart shows the classic cup with a handle pattern, a bullish sign. And the other is the weekly chart showing its unprecedented upward movement. This is the kind of Warren Buffet/Peter Lynch classic example of long term investment, buy the business and sleep/or a 'buy what you know' thing.