0A52 trade ideas
$INSG Inseego Corp 50% Upside Potential High 27% short interest
Inseego Corp. engages in the design and development of fixed and mobile wireless solutions. It offers enterprise Internet of things, 4G long term evolution, and 5G services. The company was founded on April 26, 1996 and is headquartered in San Diego, CA.
INSG Looking GoodINSG is a stock I've played a few times at this point. Sticks to a pretty standard range, but they just announced the sale of senior notes which works as a catalyst for the bullish scenario.
most likely Still in corrective wave Ideal long entry between harmonic wave length of XA to BD. refer to Arrow in chart
First Attempt - Trend ContinuationINSG looks to be slowly picking up momentum after their last quarterly report, this is my first attempt on technical analysis, and a trend continuation can be a possibility in the next 2-4 weeks.
- Possible break out at the first price point.
- Or going to a higher price.
Keep in mind that it will also get closer to the date of their next quarterly call.
Inseego ready to climb again?Inseego Corp. (NASDAQ: INSG) is an early leader in 5G connectivity solutions and boasts a first-to-market advantage in 5G solutions like 5G MiFI, FWA, and IoT, according to Stifel.
The Inseego Analyst: John Marchetti initiated coverage of Inseego with a Buy rating and $13 price target.
The Inseego Thesis: Inseego's expertise in the 5G universe should serve as a competitive advantage as service providers move to aggressively release 5G devices beyond just consumer handsets, Marchetti said in a Thursday initiation note. (See his track record here.)
The fixed wireless access and IoT opportunities alone are "significant," as operators want to leverage their 5G wireless network investment into consumer and commercial networks where they historically had to compete with high-cost and time-consuming FTTx efforts, the analyst said.
Inseego deserves credit for growing its customer base beyond its largest customer,Verizon Communications Inc. (NYSE: VZ), which accounted for around 50% of revenue from 2017 to 2019, he said.>
As of the first quarter of 2020, the company has shipped its technology to 11 global providers and has more trials underway, Marchetti said.
Continued growth should result in the company hitting Stifel's 2020 revenue estimate of $298.7 million and 2021 estimate of $358.6 million, the analyst said.
This implies a year-over-year revenue growth rate of 36% in 2020 followed by a 20% growth rate the following year.
$INSG Inseego Corp 5G play
Possible trade in this under the radar 5G company.
Long entry possible above .236 Fib @ $11.77
Potential upside target $14.74
MABD and Histogram bullish
RSI up trending and room to run much higher
Reclaimed 50ma as support
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
5G BOOM I think this will Ride the 5G wave back up into new highs if tech run continues. Like the falling wedge on the 50 hoping to blast though resistance soon... need some Volume
$INSGThis chart art reminds me of a young Da Vinci; simple, calculated, scientific.
Downtrend is holding strong, w/ the fresh lemon squeeze, to the downside testing previous support.
INSG 50 EMA support inside falling wedgeINSG has pulled back very nicely to the 50% retracement, which was also the breakout level, after reaching its highest price since 2009. Currently consolidating in a bullish falling wedge, price has found strong support on the 50 EMA which means a potentially imminent resumption of uptrend. I am looking for the wedge breakout which I anticipate will occur around $11.50 to initiate a position. I would like to see MACD turn positive and the 14 RSI break the 50 EMA (purple dotted line) which, in my experience, has been a reliable indicator.
INSG Bouncing off of previous resistance and 50 EMAINST is bouncing off of a major line of resistance and the 50-ema. I entered at $9.59. My stop loss is at $9.20 (4.17%) and my first profit target is 11.15 (16.15%) which is pretty decent.
The price also moved below both support lines yesterday and two days ago but was rejected both times.
I'm hoping that it'll reach this target and continue to move upward 20%.
INSG Bullish ChartThe Future is 5G
Inseego Corp. has outperformed the SPY.
Price actually broke resistance zone, and now it came back to the same level. If flag pattern remains and price breaks above second resistance line (orange dots), price might reach the 22-24 level price.
INSG wave 5 Bullish ON the minor time frame, INSG rally -ongoing moving towards wave 5 upside target
short until aprox 9 usdDivergence between price and rsi, i expect to go down at 10 and after this at 9, where technically is a good support and it will be attractive to buy
INSEEGO CORP _ShortNASDAQ:INSG
Despite this increase in the last two days.
I'm waiting for the shorts to drop out of the level...
INSG best level to BUY 75% gains(STOCKS)before we kick start the update. your upvotes/subs are appreciated.
Why get subbed to to me on Tradingview?
-15+ years real live trading experience
-TOP Author on TradingView
-professional chart break downs
-key levels
-no junk on my charts
-frequent updates
-covering FX/crypto/US stocks
-24/7 uptime so constant updates
So without further due. Keep it short/simple and to the point.
INSG best level to BUY 75% gains(STOCKS)
Strong 12 hour chart, recommended strategy:
buy the pullback later near 6.75 TP is 11.75,
+75% gains possible for BUY/HOLD traders.
good luck traders!
get subbed to stay tuned for all the latest updates.
also add likes to support my efforts, thank you.
Inseego Corp unprecedented demand for 4G&5G hotspots Source Newswire
Inseego Corp. (Nasdaq: INSG) today announced that it is ramping up production of its 4G and 5G MiFi® mobile hotspots and other wireless connectivity devices in response to record increases in demand for reliable, secure home internet access.
With hundreds of millions of business and government employees, students and others now connecting from home, Inseego’s plug-and-play wireless products are meeting the need for fast, reliable, secure internet connections. These products also provide a fast and easy solution for the 25 million Americans who currently have no home broadband at all by delivering high-speed internet access over a wireless network, using a compact device that fits in the palm of your hand.
"We’re seeing unprecedented demand for our wireless mobile broadband devices, spurred by the dramatic change in how we are living, working and learning from home. Our hotspots provide instant access to broadband connectivity and unlock all the applications used not only at home but also on the go, with outstanding performance, bullet-proof security and reliable connections to corporate networks, learning resources, healthcare providers, friends and families," said Inseego Chairman and CEO Dan Mondor.
"To meet this surge in demand, we have already doubled our production and we have the ability to expand to 5-6 times our normal volumes in the near term. We’re prepared to scale up quickly, not only during the COVID-19 pandemic, but as mobile data traffic continues to grow, unabated, year after year, and drives the need for more 5G networks."
Mobile operators have taken several steps to expand the capacity of their networks by adding more spectrum and accelerating their investments in 5G, which uses spectrum more efficiently than 4G and vastly improves data throughput. They’re also providing devices like Inseego’s 4G and 5G MiFi mobile hotspots and modems, which deliver ultrafast, reliable, secure internet access everywhere.
