$FISV ready to launch

Jan 8

FISV is trying to recover from a major selloff just months ago. One catalyst since then was heavy insider share purchases to establish confidence among investors.

Fundamentals aside, an ascending triangle has been forming and we're right at the apex, which sits in front of a massive gap. That gap fill could provide north of 70% returns, and it might just be the beginning of the recovery trade!

Jan 14

Note

There's been a small pullback, but the trend in momentum is in tact. Big tech has been selling off, but perhaps more pertinently bank stocks have been getting beat up. That might be forming a bit of contagion. The real news is upcoming earnings on the Feb 10, so potentially sideways movement until then as long as the SPX index holds up.

Jan 28

Trade active

It looks like a H&S could be forming. I've hedged my stock position with protective puts expiring after earnings

Jan 29

Trade closed manually

FISV failed to breakout and has formed an inverted C&H on the daily chart.

I closed my spot position for a small loss and increased my short position via puts slightly today.