$INSG (Inseego Corp) have a huge probability for raising Good time for NASDAQ:INSG to appear as a good long show maker.
Building double bottom with in couple with RSI and MACD baseline can be a nice root for a starting ascending moving.
My expectation, that we can take about 200% in 4 months.
Does not constitute a recommendation.
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INSG trade ideas
INSG Bullish SetupThe asset has now arrived at a great load-zone. throughout its history, INSG used to gain bullish momentum from the midline of the historic blue channel. labeled as our Entry on the chart.
The slowdown of the bearish momentum and the increasing volume on the load-zone is also another bullish indicator that can hint a violation of R1 is inevitable in the upcoming days. In case R1 violated with great volume this can be a great swing to the following targets.
The recent recovery of NSDQ is a good indication of the low risk this setup may have. the target formation has been labeled in accordance with the past price action and profit-taking areas mostly done by retail traders.
Our priority on the market in long term is bearish and profit trailing can be our second-best strategy with INSG.
Cheers
Thoughts about InseegoArter hitting support yet again, Inseego has broken out of famling wedge, while in a descending channel, both signaling bullish.
The MACD is as of now crossing above the line, signaling bullish as well.
Last week has brought a steady increase in volume.
The earnings which were published a few days ago, seems to not have affected the trend negatively.
I can see the stock go to the 9.70s area, but if it manages to break out of the channel, we may see some really high numbers, like when it soared to 22 in the past.
This is my personal opinion, and is not financial advice.
Swing on InseegoCurrently there is a big hype over 5G and I think Inseego is one way to play.
In a quick view, the stock looks like it is drawing a flag or a symmetrical triangle; but I think Inseego will draw a "W" shape instead to finally draw a bullish rectangle.
Looking back 30 ma has been support and resistance so breaking 30ma could turn the stock to "bearish" mode real quick; so make sure you have your stop losses.
Target: $20
Stop: $17
$INSG - Inseego short squeeze catalyst coming in the form of ERInseego is the leader in 5G router and hotspots. They have contracts with several major carriers and the earnings that will push this stock to new highs are not baked into the price yet.
On top it has 28% short interest which can be a major catalyst for a squeeze to higher prices.
Bull FlagLarge effective Volume and a pocket pivot last 3 days via Chartmill..
A Pocket pivot is a volume/price pattern and occurs when:
The price goes up compared to yesterdays close.
The volume today is higher than the maximum down volume of the past 10 days.
Effective Volume analyses the intraday volume on the minute level to determine what small and large players are doing in terms of accumulation and distribution. There is a great book on this subject by W Pascal.
NV is flat. OBV is high. Positive volume which is volume on up days, which often represents the general public, is high.
By no means a recommendation..