May 14 Chart of the Day - Visa
Highly precise price action technical analysis offers the strongest trading edges and the most opportunities across the markets, making it the foundation of our reviews.
Visa (V) has shaken off last month’s pause and is pressing higher with conviction, inching ever closer to its all time highs (ATHs). While some hesitate to pin down an upside target, we’re letting the chart speak for itself.
Price action tells the real story: structure is clean, momentum is building, and the path of least resistance looks poised to break north. With higher lows stacking and volume starting to creep in, Visa may not be waiting for permission to make its next move.
Let’s take a look the chart to see where price could be heading next.
Consistent profitable investing and/or trading requires a structured, rules-based approach to price action analysis. Proven processes, disciplined risk-reward management, and precise execution create the foundation for long-term success.
When combined with powerful mental performance strategies, this method becomes the ultimate blueprint for thriving in any market, on any time frame.
As requested, this analysis will take a price action technical analysis approach to assess key levels and potential next price moves for this chart.
Since May 2023, we've showcased over 500+ Charts of the Day and provide FREE Price Action Trading education to traders who join our highly rated Trade Room.
Monthly Chart
On the monthly chart, we can see where price recently catapulted off an advanced Fibonacci high to high (H2H) retracement zone skyrocketing back up towards ATHs.
Advanced Fibonacci anchor placements are one of the 6 Fibonacci Types that Create the Most Precise Price Levels, Targets, and Reversal Zones as explained in our Free Guide.
In this scenario all the conditions have been met to utilize H2H anchors - Fast trending market, price recently crossed a significantly level, and shallow retracements.
This kind of movement highlights why a cautious and well-informed approach is essential when evaluating a stock’s short to mid term outlook.
Weekly Chart
On the weekly chart, we can see with much more clarity the rapid rise out of the zone the past few weeks.
Price is rapidly approaching uncharted territory where new price discovery could occur. The only valid price action tools to anticipate upside targets (NOT PREDICT) are trend and Fibonacci. And in this case we see that technically speaking, $400+ is in play.
It goes without saying though, the only guarantee in the markets is that price cycles. It cycles up and it cycles down across all time frames and all charts and rarely, if ever, moves in a straight line.
Only time will tell for sure what price will do next...
We’ve combined advanced Fibonacci levels with key support/resistance zones and trend analysis to pinpoint potential price levels of interest and future targets.
With precision-focused charts like these, both traders and investors can confidently build and execute their strategies.
So what's next?
We don't make predictions...
Nobody knows for sure but using these 5 price action tools traders and investors can develop levels of interest in both directions.
- Support/Resistance
- Trend
- Fibonacci
- Supply/Demand Zones
- Change Control Zones
ChartPros provides the exact methodology in its price action technical analysis courses to create charts like this with the most precise and accurate levels from which investors and traders can formulate their respective trade plans.
Take a look at the charts and let us know what you think. We'd like to hear from you in the comments sections.
Because You Were Interested in today's FREE Chart of the Day...
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