$VNTV Vantiv Over-extended due for correction$VNTV Vantiv Over-extended due for correction below $70.
Note: Idea/opinion, not investment advice
VNTV
Long PositionWith the acquisition of Worldpay I had to get in to this one. I'm not sure how high this will go yet but it's a long position for me so we will see how it goes. I entered in @ 64.21 when I saw the news and noticed the consolidation.
I have seen target prices ranging from $78-$85. If you want to trade this you could see 10%-20% Upside from here.
I hold long term positions for 1+ years and re-evaluate actively.
Happy Investing!
Possible Evening Star in VNTVVNTV closed today with a possible Evening Star in the $63 resistance, in the upper side of a Descending Channel and closing the gap of six days ago. If tomorrow open with a gap down, we can enter short at $62.35 with a stop loss at $63.30 with a first take profit at $60.45.
What do you think about this possible trade?
KL: 62.35
SL: 63.30
TP1: 60.45
TP2: 60.00
TP3: 58.00
