The fundamentals are looking great for FI no denying that. However, we have a text book 4th wave triangle you can see on the chart then with a thrust into a 5th wave. We have met the measured target of Wave A of the triangle = Wave 5. It's also interested to note a lot of top insiders have been selling at these prices. Also, not shown is monthly divergence, which...
The price of Fiserv should have recently placed the high of the magenta-colored wave (1). We now expect the magenta target zone to be reached between $134.54 and $120. Within this range we expect the low of the same-colored wave (2). We consider it 37% likely that a higher high of the magenta-colored wave alt. (1) will occur.
To my dismay, financials are in disarray. Oh I look far and wide for one that will raise my pay. As I carefully look around within this space, Fiserv looks to be the way. Upside I see along the way, enter I must say. To my finance bros, I do must say. Why treat other finance stocks like so with so much at stake. Today is yet another day, for I have found one...
Fiserv has retreated a little since last Thursday. We now consider the high of the turquoise-colored wave B to be in place and expect a sell-off to below $120 in order to complete the magenta-colored wave (E). A drop below the $130.74 mark should provide important downward momentum along the way. However, the 30% probable alternative still needs to be considered....
The PEAD projected a bearish outlook for NYSE:FI after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 60%.
Soon, Fiserv should reach the magenta colored zone between $134.09 and $140.81 and complete wave (B) in magenta – there is only little difference in altitude left. Once this top is placed, the share should turn downwards, heading for its next goal: the southern magenta colored zone between $108.96 and $89.26, where wave (C) in magenta and wave 4 in green should...
Bullish Pennant, awaiting confirmation
Pros:
Post forming with volume
Descending volume during flag forming
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 5
250RSI above 50
200MA ascending, barely.
Cons:
Low volume at break out
Target:
PT = 6.75$
1000 Followers! Thank you all!
Thank you to those who donate...
Analysis:
Daily chart- After long downtrend, price enters a sideways market between 1.57-2.91 for about 300days. Starting Nov. '20, price made a series of higher lows into resistance and finding Support from 200ma, exhibiting the buyers willingness to buy at higher prices. This lead to a price breakout on 1/6/21 and a Golden cross. Price follows that move by...
Descending triangle
Neutral volume
Descending 200MA
Descending ATR
250RSI below 50
Bearish since 2014. No reason not to ncontinue.
If confirmed
Could be worth pennies
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...
