I'll try to be brief: all the indicators and trend lines indicate a low-volatile (which is an advantage for the solidity especially in a long-term perspective) and growing trend of Visa. However, following the trend from March 2020 (as I always say "the new modern era for the world") until today November 2021, Visa has always retraced each level of the Fibonacci retracement until it touches its maximum peak, resulting in and current decline (currently Visa broke the previous trendline, but it was predictable as its trend up to that moment was really exaggeratedly bullish).
Due to the low volatility of the market I suspect that the retracement in the short term could lead Visa to further losses, I assume an additional 3 or 4 points up to around $ 206/207 per share (which is not many in a long-term perspective anyway but for a day trader instead can be an abyss), coinciding with the 0.382 Fibonacci retracement; at that moment I have good reason to think that Visa will restart its bullish run also quite efficiently (let's say that by early 2022 I would not be surprised if we were at $ 260 per share) to get back in line with its innovative power and with the previous trend which has just been broken, as mentioned before.
In conclusion, as usual DYOR (!!!), mine is just a "brainstorming" seeing the chart and knowing the company, however I admit I have a recently opened position on Visa, so I have no reason to lie :)
Due to the low volatility of the market I suspect that the retracement in the short term could lead Visa to further losses, I assume an additional 3 or 4 points up to around $ 206/207 per share (which is not many in a long-term perspective anyway but for a day trader instead can be an abyss), coinciding with the 0.382 Fibonacci retracement; at that moment I have good reason to think that Visa will restart its bullish run also quite efficiently (let's say that by early 2022 I would not be surprised if we were at $ 260 per share) to get back in line with its innovative power and with the previous trend which has just been broken, as mentioned before.
In conclusion, as usual DYOR (!!!), mine is just a "brainstorming" seeing the chart and knowing the company, however I admit I have a recently opened position on Visa, so I have no reason to lie :)