Fiserv: At the crossroads

12 Agu

We primarily expect Fiserv to drop into magenta Target Zone between $134.54 and $120 as part of the same-colored wave (2). Investors could then open long positions there, with stops placed around 1% below the lower edge. Subsequently, we expect a rise above the resistance at $165.28. We consider an earlier break of this level to be 37% likely. In this case, however, it would only be the magenta-colored wave alt. (1).