Visa (NYSE: V) rallied from the Blue Box area earlier this year. It is now getting closer to breaking above the 2025 peak of $375.50. In today’s article, we examine the current Elliott Wave structure unfolding. This analysis leads to the breakout into new all-time highs.
In our previous Visa article, we explained the corrective pullback in wave ((IV)). That decline found buyers at the Blue Box zone. We projected a base around $300 to establish the next rally in wave (V).
The current rally from the March low shows an initial impulsive three-wave advance. It still needs to break above the wave (III) peak. This will deny any potential double correction. Following that, Visa should extend the rally within wave I toward the target area at $395 – $426 . Then, a three-wave pullback in wave II will occur. This correction should remain supported above $300.
Consequently, the stock should continue its extension higher within the current bullish cycle. This move will continue until it completes the larger degree five-wave advance.
Visa V Weekly Chart 8.12.2026
Conclusion
Visa‘s larger-degree bullish cycle remains firmly intact. Therefore, investors should target buying opportunities within daily pullbacks.
Source: https://elliottwave-forecast.com/stock-market/visa-nyse-v-charges-toward-new-all-time-highs/