Visa Charges Toward Record Highs Amid Bullish Cycle

Visa (NYSE: V) is gearing up to break new all-time highs as it continues its upward trajectory. A close examination of the Elliott Wave structure unfolding reveals a promising breakout.

The stock rallied from the Blue Box area earlier this year, and with its current price action, it's getting closer to surpassing the 2025 peak of $375.50. This development is significant, as it suggests that Visa is poised for further growth.

In its previous article, the authors explained the corrective pullback in wave ((IV)) and 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, with the stock still needing to break above the wave (III) peak to deny any potential double correction.

Following that, Visa should extend its rally within wave I toward the target area of $395, $426. Then, a three-wave pullback in wave II will occur, but this correction is expected to remain supported above $300.

As a result, the stock's current bullish cycle remains firmly intact, and investors should target buying opportunities within daily pullbacks.