Visa Inc.(V) Stocks Elliott Wave Technical Analysis

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V Elliott Wave Analysis Trading Lounge Daily Chart,

Visa Inc., (V) Daily Chart

V Elliott Wave Technical Analysis

 

FUNCTION: Counter Trend

MODE: Corrective

STRUCTURE: ZigZag

POSITION: Intermediate wave (4).  

DIRECTION: Bottom in wave (4).

DETAILS: We are entertaining the idea of an Intermediate wave (3) in place, as the current correction, given its magnitude, seems to be paring up with the same degree wave (2).

 

 

 

 

V Elliott Wave Analysis Trading Lounge 4Hr Chart, April

Super Micro Computer Inc., (V) 4Hr Chart

V Elliott Wave Technical Analysis

 

FUNCTION: Counter Trend

MODE: Corrective

STRUCTURE: ZigZag

POSITION: Intermediate wave (4).  

DIRECTION: Bottom in wave A of (4).

DETAILS: Looking for either a bottom in wave A as RSI bullish divergence also seems to be suggesting, or else we’ve have a sharp wave (4), to alternate with the sideways wave (2).

 

 

 

 

On April 22, 2024, our Elliott Wave analysis delves into Visa Inc. (Ticker: V), providing valuable insights into its daily and 4-hour chart movements. This analysis aims to offer investors actionable information to navigate the market effectively.

 

*V Elliott Wave Technical Analysis – Daily Chart*

Our analysis reveals that Visa is currently undergoing a corrective counter trend phase, characterized by a ZigZag structure, identified as Intermediate wave (4). The direction indicates a potential bottoming out in wave (4). We are exploring the possibility of Intermediate wave (3) completion, given the correction's magnitude, aligning with a wave (2) of the same degree.

*V Elliott Wave Technical Analysis – 4hr Chart*

Zooming into the 4-hour chart, Visa's corrective phase continues within Intermediate wave (4), specifically focusing on wave A. Our analysis suggests that the correction may have found a bottom in wave A, supported by bullish divergence observed in the Relative Strength Index (RSI). Alternatively, there is a possibility of a sharp wave (4) unfolding, alternating with a sideways wave (2) pattern.

 

 

Technical Analyst : Alessio Barretta

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