FIS has been forming a base for about a year. I like how it is above the 50 DMA and all other shorter term Moving Averages. It is, however, still below an 18-month AVWAP (meaning that going back 18 months, stockholders by price and volume are slightly underwater). That may be an area of overhead resistance. It is under the 40 Week MA which can also be a source of overhead supply.I have an alert set on the horizontal area of resistance. Should that trigger, I will go to a lower timeframe to determine a good risk reward entry with a reasonably tight stop.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
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Note
I made a mistake and said that FIS is trading below the 40 Week MA. That is not correct. It is trading above the 40 Week MA shown as white line on this daily chart. Sorry for any confusion. (still has not triggered for me)Note
FIS I have been slowly accumulating this one for a few days now. It has had it's highest volume day in over 10 months (see chart). Earnings are coming up soon so be aware. This is now my largest position since my addon just a few minutes ago. It's not a fast mover which also means there is less volatility.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.