INVVY Is Sketchy Ayy EffMy guess is this was a pretty clear market momentum fueled move for INVVY and left a lot of bag holders in its wake. While things can always turn around, there are a lot of headwinds to consider. Some of which include the DOJ issues.
"...it faces a $3 billion fine under criminal charges pressed by the United States for illegally marketing Suboxone...It increased litigation and antitrust provisions to $621 million from $438 million previously. Given the fact that this is ongoing, it’s hard to say with any certainty that the company can overcome such a situation. Do you think there’s hope for Indivior or is this the end of the line?"
Read More From This Source: Penny Stock Indivior PLC Climbed 1,150% In 4 Days; How?
Indivor
Indivior PLC - Re-test of 380 likelyThe base formation around 310 levels followed by last week's jump to 335 coupled with the rising bottom formation and an upward sloping 50-MA suggests the stock is likely to re-test 380 levels.
On the downside, only a weekly close below 310 would signal bullish invalidation
