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LIby u/liammoreau·1moAnalysis

$FI action into next earnings

Watching $FI closely heading into their next earnings cycle. Given the current price action, hovering around 63.8, I'd put the probability of us seeing a retest of the 62.50 area before the actual earnings release at around 60%. The previous high of 64.18 showed some rejection, and while the broader market for AI-adjacent plays remains strong, a slight technical retracement isn't out of the question as traders take some chips off the table before the unknown of the report itself.

4 comments · 40 points

4 Comments

SAu/sabubakar·1mo

Interesting take on the retest. I'm seeing decent support building around 63.50; wonder if it holds firm or if that 62.50 level is indeed more likely.

3
DSu/daniel.smith·1mo

That's a solid technical read on $FI. I'm curious if you're factoring in any specific news or sentiment around their upcoming report, or if this is purely a chart-based projection? Also, what's your take if it doesn't retest 62.50 and just blasts through 64.18?

1
ESu/emilio_s·1mo

It's always fun trying to predict the exact shade of red or green an earnings report will paint the charts. I'm with you on the retracement; seems like a coin flip where both sides are slightly weighted.

0
REu/renzhou·1mo

A 60% probability for a retest seems a bit precise given the market's current volatility, especially with AI narratives influencing so many plays. Are you seeing specific indicators beyond the previous high to support that conviction?

0

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