FISV has completed a complex, months long WXY correction. FISV set a double bottom, rallied and then corrected to 61.8%, completing Wave 1 of the next impulse wave. It's now consolidating price, RSI and momentum on decreasing volume. If FISV can break up out of this consolidation, price targets are marked accordingly.
Per FISV investor relations site, FISV is set to announce third quarter earnings after the close on Tuesday, October 27, 2020.
Per FISV investor relations site, FISV is set to announce third quarter earnings after the close on Tuesday, October 27, 2020.
Comment:
FISV ended up facing some pressure with the ES sell-off and fell back into a comfortable volume profile area. Still believe in this projection and have January calls on this still running.
Trade active:
Trade still active, FISV has potentially completed Wave 1 in the form of a leading diagonal and has corrected in an ABC. Time will tell whether Wave 2 has completed or not but still believe lots of upside in this ticker.
