Visa (V): Poised for Significant Gains - Key Levels Identified

Jun 6On the Visa daily chart, we can see that the ABCDE correction completed Wave (4) at $174.60. Since then, the stock has been moving upwards towards Wave 3. We expect significant gains for Wave 3, but a short-term correction might still be necessary.

From November 2023 to March 2024, Visa experienced a strong upward movement. Currently, we are in a correction phase that might already be completed, but there is a possibility of another dip. If a dip occurs, the price levels between $259 and $249 will be very interesting.

We should not fall below $234, as this marks the top of Wave 1, which should not be breached. Additionally, we need to break above $305 to confirm the formation of Wave 3. It is possible for this wave 3 to reach up to $364, even a little higher but looking at the past price action our target remains at an maximum of $364.

Jul 9

Comment

When looking at Visa again, we can clearly see that the predicted zone is being respected as hoped. We haven't placed a bid yet, but we plan to closely monitor Visa over the next few days. We want to set a limit order at least when Wave 4 is "activated." Until then, we are not looking to buy Visa since we already have enough positions open. If Visa dips into lower areas, it needs to hold the current zone; otherwise, $232 is likely to occur, which is the POC and the invalidation point for Wave ((iv)).