Current dynamics

Shares of Visa Inc., the largest American multinational company providing payment services, are correcting at the 314.00 mark.

Following an investigation into MasterCard Inc. that began in August, the European Commission has launched a similar probe into fees that Visa Inc. charged retailers between 2016 and 2023. If the fees are found to have a significant impact on merchants, the payment processor could face fines and even restrictions on its operations in the EU.

In light of these developments, Macquarie Equity Research analysts maintained their rating on the issuer's shares at "overweight," raising their target price from $300.0 to $335.0. The key influence on the revaluation was Visa Inc.'s positive fourth-quarter results: the company reported revenue growth to $9.6 billion, higher than the previous figure of $8.9 billion and $8.6 billion for the same period last year. Earnings per share (EPS) amounted to $2.71, also higher than the $2.58 forecast and $2.33 a year earlier.

Support and resistance levels

On the daily chart, the asset is holding close to the resistance line of the ascending channel with boundaries of 320.00–295.00, preparing for continued growth.

The global buy signal from technical indicators is actively strengthening: the range of EMA fluctuations on the Alligator indicator is rapidly expanding, and the fast EMAs are moving away from the signal line, while the AO histogram, trading in the positive zone, is forming new correction bars.

Support levels: 308.00, 293.00.

Resistance levels: 317.00, 330.00.

Trading scenarios

If the asset continues to grow and the price consolidates above the resistance level of 317.00, it is worth opening long positions with a target of 330.00 and a stop loss of 310.00. Implementation period: 7 days or more.

In case of a reversal and continued decline of the asset, as well as consolidation of the price below the support level of 308.00, you can open short positions with a target of 293.00 and a stop loss of 315.00.