Visa: More Upside Potential

Visa’s blue wave (x) still has significant upside potential before reaching its peak. With price still trading below our resistance level at $375.51, we expect the subsequent wave (y) to take over and guide the stock into our green Long Target Zone between $292.19 and $266.47. Within this range, we anticipate the completion of the larger turquoise wave 4 before any sustainable gains can take hold. Alternatively, it’s possible that the turquoise wave alt.4 has already concluded. In this scenario, the stock would move directly toward the $375.51 resistance—and potentially break through both this level and the $394.49 mark (probability: 33%).