Long
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.