FIS looks to be consolidating between $94.60-$110.50 after a longer term uptrend. The short term uptrend to the yellow diagonal (previous uptrend support) is acting as a current resistance. Price action leading up to earnings on 2/11 may push to the upper portion of the horizontal channel, and have enough pressure to continue the long term uptrend. If there is no...
The stock FIS is starting a downward movement. As we can see on the chart, the second time the price test the resistance at 107,62, it does so on low volume. The attempt of the price to rise was driven by the retail trader. On 21 August the price starts falling on high volume. That is sign of distribution.
FI seems trying to break out a downward channel formation. It has very strong Twiggs money flow. We think it has very good upside potential.
* Trade Criteria *
Date First Found- April 26, 2018
Pattern/Why- Downward channel breakout Long
Entry Criteria- $7.19
Exit Criteria- $9.24
Stop Loss Criteria- $6.63
Indicator Notes- Very strong Twiggs money flow index...
Want a quick and fast play? Take a look at this sweet setup. Im saying its gonna head towards $81 - $82. Combined with the high open interest for jan 20 calls, I see a potential for a move higher to be in the cards. Get in if you want or don't, I dont care what you do. However, get some SPY puts while your at it since the market is not looking good so far.
Many stocks are revisiting RESISTANCE left behind in 2007.
So as Fidelity National Info Service.
RSI uptrend line has been broken.
I need to see price close below the current uptrend line and MACD break below its uptrend line too to show hand my short position!
Hold your horse at the moment!