traderprosignals

IVR BUY/LONG NOW READY! 3.5-3.65 by SEPTEMBER 2021

Long
NYSE:IVR   INVESCO MORTGAGE CAPITAL INC
TICKER CODE: IVR
Company Name: INVESCO MORTGAGE CAPITAL INC
Industry: US Stocks Finance Real Estate Investment Trusts
Position Proposed: BUY

BUY ENTRY: READY (4.00)
2nd BUY ENTRY: 3.5 - 3.65
1st Partial Take Profit: 7.00 (August-September 2021)
2nd Partial Take Profit: 10.00 (October-November 2021)
3RD Partial Take Profit: 15.00 (June-July 2022)

Stop Loss: 2.00

Technical Analysis
1. Bullish Pennant in 1H timeframe
2. Inverse Head and Shoulders (Forming Head)
3. Double Bottom
4. Safe Take Profit on Fibonacci Extension 1.0 Grey Zone
5. 2nd Partial Take Profit on Structure level and Fibonacci Extension 1.618
6. 3rd Partial Take Profit on Structure level and Fibonacci Extension level 2.618

Caution: If chart falls to 2.5-3.2, there may have sideward movements before shooting up.