I've been in FIS since Jul 5 and the follow-through action has been disappointing to say the least. Still, FIS is holding the breakout and finding support around the $58.25 area and now has the ascending 9ema caught up.
On the M5 there's a clear, well-established descending TL in place and FIS finally broke above it and got some FT in the last few minutes of trading. I'm looking for continuation with an initial price target of $64.
I lose full interest on any close < $58.
On the M5 there's a clear, well-established descending TL in place and FIS finally broke above it and got some FT in the last few minutes of trading. I'm looking for continuation with an initial price target of $64.
I lose full interest on any close < $58.
Trade closed manually:
Disappointing day after SPY FGUC. FIS immediately filled the gap and never made an attempt over O again rest of day. Will continue to watch as technically it's a good chart but see no evidence at the moment buyers are interested.
Comment:
FIS closed at a higher high yesterday and now want to see some continuation. Earnings are 13 days away. The last two prints have been decent with RS to the market and sector. If FIS can make a run to PHOD and hold those gains, I'll be looking for another long shot.
Trade closed manually:
Lost interest in this before the break over resistance. Note the tiny candles and low volume. No reason to keep watching this thing.