FIS Channel Consolidation, where will the breakout go???
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 clear resistance break, and confirmation of indicators, look for a hard tumble to the bottom of the channel.
Confirmation with indicators (RSI & SMII) for any entrances leading up to earnings, will be key on the hourly time frame for best entrance. Updates will continue to follow all the way up to a few days after earnings.
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This is not advice to sell or buy, and is intended for educational purposes only.
Confirmation with indicators (RSI & SMII) for any entrances leading up to earnings, will be key on the hourly time frame for best entrance. Updates will continue to follow all the way up to a few days after earnings.
Happy trading :0)
Share, comment and like, as I appreciate your support!
This is not advice to sell or buy, and is intended for educational purposes only.
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