Inventergy Global Inc.
has formed a bowl bottom and is retesting a key level of resistance at 1.89-1.90. We have a bull flag
on the right and the price is above the yellow 13 day exponential moving average
) which is a very bullish
sign. INVT released a press release that will serve as a catalyst for the long side. They get to clear their balance sheets and they dont owe Panasonic a guaranteed payment for their patents. Heres the link to that press release-
Long at break above 1.92, we can possibly see 2.50 in one day, this is a low float stock that has rallied before, I recommend using less capital as the price swings are above 10% in one day. If you have etrade, schwab, td
ameritrade etc. - use their trading platform as tradingview.com fails to load small cap stock price action and charts.