timwest

Invensense INVN - cup and handle breakout

NYSE:INVN   INVN
385 4 9
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
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I got in exactly at 20.50. The action after ER was signaling that people are willing to get it, and it is most possible candidate for apple's iwatch....if it comes out. As soon as it does, INVN will rocket up. it is above 23 today, and had a 7% top. Are you exiting at 23?
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I was thinking 23 was a good target for the "breakout trade" from 20.90, but now that it has huge volume and the news on the front page - it could go a lot higher, but I'd cut down my size a little on the trade here.
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2use timwest
I actually exited as well after your comment. So far so good
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great minds think alike?

just kidding ;)

GL
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