INVT Contract Win
Updated
Inventergy Global Inc. has formed a bowl bottom and is retesting a key level of resistance at 1.89-1.90. We have a bull flag on the right and the price is above the yellow 13 day exponential moving average (EMA) which is a very bullish sign. INVT released a press release that will serve as a catalyst for the long side. They get to clear their balance sheets and they dont owe Panasonic a guaranteed payment for their patents. Heres the link to that press release-
us.rd.yahoo.com/finance/external/noodlsaunz/rss/SIG=125lndv26/*http://www.noodls.com/view/8DE75D36F1E8103250FE30458ABA503AC8EE6AC6
Long at break above 1.92, we can possibly see 2.50 in one day, this is a low float stock that has rallied before, I recommend using less capital as the price swings are above 10% in one day. If you have etrade, schwab, td ameritrade etc. - use their trading platform as tradingview.com fails to load small cap stock price action and charts.
us.rd.yahoo.com/finance/external/noodlsaunz/rss/SIG=125lndv26/*http://www.noodls.com/view/8DE75D36F1E8103250FE30458ABA503AC8EE6AC6
Long at break above 1.92, we can possibly see 2.50 in one day, this is a low float stock that has rallied before, I recommend using less capital as the price swings are above 10% in one day. If you have etrade, schwab, td ameritrade etc. - use their trading platform as tradingview.com fails to load small cap stock price action and charts.
Note
Zoom out two clicksNote
finance.yahoo.com/news/inventergy-amends-patent-purchase-agreement-134500258.htmllink to Press Release
Trade closed: target reached
took longer than expected but still happened
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