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Bixley
Jul 1, 2022 2:19 PM

FIS - Breakdown Below 200MA  

Fidelity National Information Services, Inc.NYSE

Description

The 200MA throughout the course of this stocks history has been seen as a point of strong support
Recently however on this 3D chart, price has broken down below the 200MA, something that hasn't been seen before
Coupled with this 200MA breakdown a Strong Double Top formation is present, cementing the bearish assumption

The green trend line is where I think support will eventually be found

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