Upside to 29 longer term.
Risk to 19.7 from 22.97 last.
If we get dips to the breakout level to buy, then that would be ideal but I'm not expecting it. This stock is heavily favored to be the big winner for "wearables" because they make motion sensors on a chip for tracking movement and positioning and are extremely low energy consumption for long lasting use. I produced this chart yesterday when it was sitting at 20.90 and didn't have a lot of volume at the time. I thought it best to wait for it to get going in order to publish it. I had already published a chart on INVN about two-weeks before when it was breaking out around the $22 level. See "related ideas" down below.
Cheers.
Tim 9:54AM EST 3/5/2014
Risk to 19.7 from 22.97 last.
If we get dips to the breakout level to buy, then that would be ideal but I'm not expecting it. This stock is heavily favored to be the big winner for "wearables" because they make motion sensors on a chip for tracking movement and positioning and are extremely low energy consumption for long lasting use. I produced this chart yesterday when it was sitting at 20.90 and didn't have a lot of volume at the time. I thought it best to wait for it to get going in order to publish it. I had already published a chart on INVN about two-weeks before when it was breaking out around the $22 level. See "related ideas" down below.
Cheers.
Tim 9:54AM EST 3/5/2014
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