INVT Contract WinInventergy 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
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.
Penny
SN SHORT AT 3.75 RESISTANCEThere is a lot of resistance up in the 3.75-3.80 zone giving us an opportunity to short.
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ABCD setup cont pattern on ATVSimply a very clean ABCD pattern forming, get long in C or above the neckline at D.
Make or break me... do or dieAbove ema 20 at 76.4 on daily... (A nice fib number too) and the stock will move. Might have to see the middle BB giving support before move.
It's a heavily traded handle.
Safe trading ladies & gents!
@BLawrenceM
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