LuckyStrike

Rising Wedge Bearish

Short
BATS:FISV   Fiserv, Inc
0
Rising wedge bearish
Lots of divergence. Stoch almost overbought.We wait for entry (short) when at least 2 of following indicators cross their resistance lines. MFI , CCI , MACD (GOES NEGATIVE) or ADX ( -di crosses +di ). Also possible target prices near 69.5 (o.5 fib retracement) and if we break the above level we go for 68 (0.618 fib retracement).If we have a break of the 0.618fib we possibly might go for a bearish trend . Also note the 89fib time zone which is near and gives us a possible price change.

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