FIS on trendline - Upside potential

٢٠ يناير ٢٠٢١

FIS

From the beginning of December, #FIS has entered in a downward trend which we believe it may have gone to an end, at least for near future.
From the low of March, we can see a trend line based on the November and the recent fall: in addition, the reversal candle of 15 January 2021 concedes with the 0.5 Fib level.

In addition, considering a low RSI and MACD we believe the stock has good upside potential

Entry price $ 129.68
1st Target $ 140.00
2nd Target $ 150.00
Stop loss $ 120.00