Visa: Upside Reaction

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Visa: Upside ReactionVisa Inc. Class ANYSE:VHKCM_GlobalVisa has recently continued its expected decline and came very close to our green Target Zone ($293.31–$270.69). Just before reaching the upper boundary of this range, however, price saw a notable bounce, which we view primarily as an internal counter-move—a temporary pause within the ongoing intermediate correction. In the near term, we still see room for the intermediate correction to move lower. We expect its low to ultimately form within our green Target Zone ($293.31–$270.69). After that, we anticipate a new upward phase.