FOUR time's the charmA payment processsimg company with wonderful forecasts has just broken out of a small technical cup and handle formation, in the middle of a wider ascending channel. This is good news for us technical focused traders.
FOUR has a history of getting into short time momentum bursts while climbing the channel. As seen before, these runs are pre-dated by some form of a recognisable chart pattern.
Despite Friday's afternoon selloff FOUR held up well and I believe now is an excellent time to enter the stock for a push up to 85-95 area.
