.

  • Swing Trade Idea (FISV) – August 23, 2022

    Aug 23, 2022 Swing Options Tips Comments Off on Swing Trade Idea (FISV) – August 23, 2022

    Our bearish trade for Tuesday, August 23rd is Fiserv Inc. (FISV). FISV is part of the Technology Sector, which has rallied into resistance at the top of a trendline, with FISV following suit and trending lower.

    FISV has formed a double top at a key resistance level of $110, from where it is starting to retrace lower. As strength is decreasing, we expect this retracement to continue for the duration of this trade. This provides a good risk/reward bearish entry. 

    As a close, if FISV were to trade above $110 for multiple days, this would invalidate our analysis and consider cutting losses on the trade. We also will consider cutting losses on this options trade if the value of the vertical spread moves below $1.28.

0 comment
Top