FISV is able to make a new All Time High? lets follow and see.
FISV is showing a bunch of bullish signs in weekly and daily time frames.
On the right side of the chart we have weekly time frame:
As it shown on the chart price reacted well to a strong support formed by 0.382 retracement of the rally from 73.5 to 127.34 and 0.786 retracement of the rally from 100.36 to 127.34. In addition, stochastic indicator has already made a bullish reversal in oversold zone. A possible divergence at base is also shown on the chart which can be a strong signal. All these signals on weekly chart suggest that 106.36 low may remain the last low for several weeks.
Now lets see what we have in daily chart in left side :
First of all, currently we have trades above short term down trend line. Next, price just took out last minor high which is 109.48. Moreover, stochastic indicator is bullish and has made a divergence at base.
All these signals suggest that FISV is in a good position to go long. However please note that in despite of all these beautiful bullish signs stock may follow a completely different path. That is the nature of the market. Therefore I strongly recommend you to set your stop loss to 106.36 if you decide to open the position. It is worth to note that Reward to Risk ratio is extremely high.
Wish you all huge profits my friends.
FISV is showing a bunch of bullish signs in weekly and daily time frames.
On the right side of the chart we have weekly time frame:
As it shown on the chart price reacted well to a strong support formed by 0.382 retracement of the rally from 73.5 to 127.34 and 0.786 retracement of the rally from 100.36 to 127.34. In addition, stochastic indicator has already made a bullish reversal in oversold zone. A possible divergence at base is also shown on the chart which can be a strong signal. All these signals on weekly chart suggest that 106.36 low may remain the last low for several weeks.
Now lets see what we have in daily chart in left side :
First of all, currently we have trades above short term down trend line. Next, price just took out last minor high which is 109.48. Moreover, stochastic indicator is bullish and has made a divergence at base.
All these signals suggest that FISV is in a good position to go long. However please note that in despite of all these beautiful bullish signs stock may follow a completely different path. That is the nature of the market. Therefore I strongly recommend you to set your stop loss to 106.36 if you decide to open the position. It is worth to note that Reward to Risk ratio is extremely high.
Wish you all huge profits my friends.
Comment:
I just closed half of my position. Now its a no loss trade for me even if stopped out later. If it goes higher and makes new all time high I still have half of my position. Multi Unit Trade strategy is a powerful tool for risk management my friends.
Comment:
Stopped Out with small profit. Multi Unit Trade Strategy worked well.
Trade closed: stop reached