Visa continues to edge lower within the downward channel drawn on the chart, with a small bounce off the lower trendline in the last few weeks. The share price of the tech firm is trading at around $268.43 a share in the pre-market trade, with what looks like potential bullish momentum pushing the price higher following last week’s engulfing candlestick. We can see the resistance reads around $273.74, which is along the upper trendline of the channel. A strong break above here could indicate that the recent profit-taking is coming to an end with an increased possibility of a move back towards all-time highs ($292-$293). However, a rejection around the resistance or a move back below $264.50 could see a re-test of July’s low ($252.60). The technical indicators are gradually showing signs of possible consolidation as the MACD seems to have leveled just below the zero line, and the RSI is now out of the bearish zone as it reads 50.