As I predicted in my published idea on the 5th of June, IVR broke the 5$ resistant strongly. At the moment, IVR is going back to the 5$ to test the price again. However, I believe this price mark will act as a trampoline. If you are familiar with Fibonacci Retracements tool, you will notice that the 12$ was around the 0.618 mark of Fibonacci tool. And in my experience, this is a very strong resistant zone. Thus, I won't surprise to see IVR reaching the 12$ price before the end of this month before falling down.
Again, we never can tell exactly what future holds, so please do your due diligence. But above all, good luck, enjoy and ride safe my friends!
Tony, what do you think now ? what about divident cut ?
bassamwahab
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I am with you , but I think the Break number is $4.23 Because you can see Head and shoulder by last 2 weeks view
ragnar0077
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I hope this go as planned
Donjulio0804
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👍🏽
tom3kk
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You don't think later this month earnings call with have negative impact on price?
Nick6159
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@tom3kk, That’s on the 22nd, right? I don’t think so. I’m some what new to this so for now take my opinion with a grain of salt although I have been doing very well.
I believe that they paid there dividends to a stock that was largely held by large investors after the Covid drop was a show of strength. They’ve also added revenue from a government bail out. Either way if you follow Wyckoff schematics, you can see IVR has been going through an accumulation phase for a couple of months. I think depending on what the out come of the earnings are, it may have a temporary affect but not a long term affect.