Visa (V): Bullish Momentum in the Financial Sector

Visa (V): V

Visa, a key player in the financial sector, is currently in the overarching cycle of Wave (5). It appears we've concluded Wave (4) at $174.60 and are on the path to finalizing Wave (5). However, this process will take some time, as we are now in a subordinate Wave 3, which is on the verge of completing a circled subordinate Wave ((iii)).

Consequently, Wave ((iv)) is likely next. While a rise to the maximum of $310.50 is possible, we anticipate a sell-off in the coming days for Visa, potentially down to $260 or even $243. Anything below this range would be excessively deep. This range should mark a potential turning point for Visa for Wave ((v)) or 3. We're closely monitoring the situation and will place a limit order upon observing any weakness.

On a daily timeframe, we are in the middle of the Wave 3 in red and are still bullish.

Comment:

Since our last analysis of Visa, we haven't observed any weakness; on the contrary, there has been further increase. We believe that we have not yet concluded the subordinate Wave ((iii)) and expect to continue rising, likely heading towards $310. We might even surpass that level, but we're not ready to assert such a move beyond it just yet. Therefore, we're targeting the 361.8% level, i.e., $310, to then complete the subordinate Wave ((iv)). For the overarching Wave 3, we continue to anticipate an increase to at least $305. This implies that we logically expect to exceed this level, as the subordinate Wave 3 should go beyond it. Consequently, for the overarching Wave 3, we're looking at a potential rise to the 227.2% level or possibly beyond.