Visa Inc. shares: technical analysis March 08, 2023

Shares of Visa Inc. the largest U.S. multinational payment transaction services company are moving in a corrective trend at 223.00.

On the daily chart of the paper, the price is held within the channel with dynamic boundaries 248.00-220.00 and is currently attempting an upward movement in the direction of .

On the four-hour time frame of Visa Inc. we can see that the current trend has high prospects for continuation, as the quotes are above the local maximum of the previous wave at 220.00 and close to the current maximum of the year 230.00, consolidation above which will be a key marker of further growth.

Technical indicators almost gave out: the EMA swing range on the alligator indicator is directed upwards, and the AO histogram is approaching the transition level, forming ascending bars.