$FI with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for NYSE:FI after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 60%.
FISV trade ideas
Fiserv: Soon… ☺️Soon, Fiserv should reach the magenta colored zone between $134.09 and $140.81 and complete wave (B) in magenta – there is only little difference in altitude left. Once this top is placed, the share should turn downwards, heading for its next goal: the southern magenta colored zone between $108.96 and $89.26, where wave (C) in magenta and wave 4 in green should end. From there, wave 5 in green should carry Fiserv to the final top of wave I in gray, concluding an overarching upwards movement. There is a 33% chance, though, that the share could leave the next magenta zone on the upper side, developing wave alt.I in gray earlier already and thus cold-shouldering the magenta zone in the south.
FI: Bullish Pennant, awaiting confirmationBullish Pennant, awaiting confirmation
Pros:
Post forming with volume
Descending volume during flag forming
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 5
250RSI above 50
200MA ascending, barely.
Cons:
Low volume at break out
Target:
PT = 6.75$
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FI 2/8/2021Analysis:
Daily chart- After long downtrend, price enters a sideways market between 1.57-2.91 for about 300days. Starting Nov. '20, price made a series of higher lows into resistance and finding Support from 200ma, exhibiting the buyers willingness to buy at higher prices. This lead to a price breakout on 1/6/21 and a Golden cross. Price follows that move by pulling back to Resistance area 2.68-2.91 and bouncing off possibly turning Resistance into Support. These series of price action moves leads me to believe the bulls have a very strong presence here. The breakout, pull back, and bounce were my entry signals. Will Zoom in to 1HR chart for possible entry.
1HR Chart- Break out move ran into Resistance area of 3.16-3.22 with a few false breakouts then pulling back to Support area of 2.68-2.91. Price bounced off Support with a series of higher lows into resistance where it has bounce off twice to go along with a false breakout. On both of the previous higher lows, the 10Ma was acting as Dynamic Support and is currently holding the price at Resistance Area with what looks to be a Bullish Engulfing pattern. This is my Entry. I will be setting my Stop Loss at 3.10. We are currently at a Resistance Area and if price were to close below Supporting Area 3.16-3.22 and Supporting 10 Ma, the bounce move up was nothing more than a Swing and Price will be coming back down to Support Area of 2.68-2.91.
Entry: 3.23
Stop Loss: 3.10(-4.11%)
Initial Target: 5.25
FI: Descending triangleDescending triangle
Neutral volume
Descending 200MA
Descending ATR
250RSI below 50
Bearish since 2014. No reason not to ncontinue.
If confirmed
Could be worth pennies
FI - Downward channel breakout Long from $7.19 to $9.24FI seems trying to break out a downward channel formation. It has very strong Twiggs money flow. We think it has very good upside potential.
* Trade Criteria *
Date First Found- April 26, 2018
Pattern/Why- Downward channel breakout Long
Entry Criteria- $7.19
Exit Criteria- $9.24
Stop Loss Criteria- $6.63
Indicator Notes- Very strong Twiggs money flow index
Please check back for Trade updates. (Note: Trade update is little delayed here.)
