FISERV: Catching the Falling Knife

Wait 5 sec.

FISERV: Catching the Falling KnifeFiserv, Inc.NASDAQ:FISVHKCM_GlobalPrimary Scenario We primarily expect FISV to be in the final stages of a larger correction within our blue Long-Term Entry Range ($91.14–$51.06). In the near term, a corrective move to the upside is likely, with room to reach the upper boundary of our pink trend channel. From there, price may dip deeper into the Entry Range before setting a final low. Afterward, we anticipate a new uptrend, with initial gains above resistance at $70.39. Long-Term Outlook The daily chart confirms that after the final correction low, we expect sustained gains, unfolding in several stages above resistance at $128.78 and $238.59. In our alternative scenario, however, Fiserv could see only corrective gains out of our blue Long-Term Entry Range ($91.14–$51.06). In that case, the stock would turn lower again below resistance at $238.59 to target a new correction low (probability: 33%).