On the weekly chart INUV formed a year long cup and handle with support at $0.50
Technical analysis:
1. Support at $0.50 for the past 2 weeks, has dipped several times below but always makes quick recovery, resistance at $0.60, if the price breaks resistance we may see a 52-week high in the following days/weeks.
2. Trend line in the upward direction, at the peak of the cup the price shot up to $1.10, then back to the trend line at a support $0.55
Some DD:
-Website advertising company
-Recently released IntentKey an AI software
-300% increase in CTV demand further solidifies strong earnings
-Earnings coming soon (maybe a catalyst?)
Do your own DD , this is only an idea :)
Technical analysis:
1. Support at $0.50 for the past 2 weeks, has dipped several times below but always makes quick recovery, resistance at $0.60, if the price breaks resistance we may see a 52-week high in the following days/weeks.
2. Trend line in the upward direction, at the peak of the cup the price shot up to $1.10, then back to the trend line at a support $0.55
Some DD:
-Website advertising company
-Recently released IntentKey an AI software
-300% increase in CTV demand further solidifies strong earnings
-Earnings coming soon (maybe a catalyst?)
Do your own DD , this is only an idea :)