Good Retest gap today. Honestly, this entry might be a bit too low. However, if INVN takes 4 or 5 days to fill the gap, the entry point converges with the point of the triangle as well as the 10 EMA. I can't take the trade due to available funds, but I would leave this trade open for 6 or possibly 7 days depending on the rest of this week.
I think price should break out of inverse h&s. Up-day volume has already been improving. 9.4 is my first target. Then maybe 10.5
INVN is breaking lows and we could get this one to follow through to the downside tomorrow if it holds this breakdown.
$INVN Tested 50 dma support line after earnings and about to break out and test 200 dma...go long.
Friends, Re: $INVN: ---------- InvenSense Inc. is the provider of the MotionTracking™ sensor system on chip for consumer electronic devices such as smartphones, tablets, wearables, gaming devices, optical image stabilization, and remote controls for Smart TVs. (Source: www.google.com ) ---------- Just released on social media: ---------- From...