Resistance

Million

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>V stock price witnessed buying interest in the last number of trading sessions.</a> </li> 
 <li> <span>2</span> <a>Buyers have started making long positions and are trying to trap the bears.</a> </li> 
</ul> 
<p>Visa Inc. (NYSE: V) V stock price has surpassed the neckline of $240 indicating a breakout of the double bottom pattern. It exceeded significant moving averages showing buying interest. Moreover, the price action shows that V stock is trying to retain the round level swing of $250 and is trying to surpass the falling trendline of $260. Furthermore, the chart shows that V stock retested the base of $230. Thereafter, buyers started to accumulate and trapped bears and continued to extend the reversal in the past sessions.</p> 
<p>V stock price surpassed the 20 day EMA barrier and showed buyer accumulation which suggests that bulls are gaining traction and is willing to reach $250. The options chain suggests that, at the strike price of $240, a massive open interest of 2263 hundred shares on the call side, whereas 2898 hundred shares on the put side, shows the incisiveness between the bulls and bears. A short covering move can be anticipated in the upcoming sessions.</p> 
<p>At press time, V stock price is trading at $241.20 with an intraday gain of 0.47% showing bullishness on the charts. Moreover, the trading volume increased by 0.24% to 4.90 Million and the market cap is $490.929 Billion. However, analysts have maintained a strong buy rating with a yearly target price of $280.76 suggesting a strong growth outlook for the coming sessions.</p> 
<p>Visa, Inc. engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-will-visa-stock-surpass-the-hurdle-of-250-strong"><strong>Will Visa Stock Surpass the Hurdle of $250?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1600" height="752" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-553.png" alt="Visa Inc. (NYSE: V) Attempt to Reach $250, Will Bulls Succeed?" class="wp-image-176771" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-553.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-553-300x141.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-553-1024x481.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-553-768x361.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-553-1536x722.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-553-750x353.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-553-1140x536.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: V Stock Price Chart At TradingView
  </figcaption>
 </figure>
</div> 
<p>On the daily charts, V stock price is above the significant moving averages, and showed buying interest in the past number of trading sessions. Moreover, V stock price has surpassed the 50% Fibonacci retracement level and is heading to 61.8% zone near $250. Furthermore, the V stock price has shown a fresh reversal from the zone of $230. If the price escaped the $250 level, a fresh up move can be anticipated toward the swing of $270, followed by $280.</p> 
<p>The RSI curve sharply rose toward the overbought zone and showed a bullish divergence, suggesting that a fresh up move toward $250 can be anticipated in the next sessions.</p> 
<p>The MACD shows a bullish crossover and green bars on the histogram, suggesting a positive outlook for the upcoming sessions.</p> 
<h4 class="wp-block-heading"><strong>Summary&nbsp;</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/10/10/panw-stock-is-preparing-to-break-above-the-all-time-high-again/" target="_blank" rel="noreferrer noopener">Visa Inc. (NYSE: V) V stock price</a> has surpassed the 20 day EMA barrier, showing fresh buying interest with strong momentum. Furthermore, if follow-on buying comes, V stock may surpass the immediate barrier of $250 and will reach the swing of $270 in the next sessions.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $240 and $230</p> 
<p>Resistance Levels: $250 and $260</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

Visa Inc. (NYSE: V) Attempt to Reach $250, Will Bulls Succeed?

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