Looks like theres potential for another 20% climb on INSG in the next 1-3 weeks. This looks really convincing on the 4 hour candles and MACD however it looks slightly uncertain on the daily candles. I'm looking for an entry on Monday-Wed around 7.20-7.40 unless it shows definite signs of a trend reversal. Expecting 10-25% for a swing trade.
Inseego Corp provides fifth generation (5G) and intelligent Internet of things (IoT) device-to-cloud solutions. The Company serves service providers, distributors, consumers, and the enterprise. Its fourth generation (4G) Long-Term Evolution (LTE) Advanced and 5G New Radio (NR) hardware products are powered by MiFi technology and include mobile hotspots,...
Lets see how this one plays out. Seems like a big weekly bull flag and it just broke its channel. Slightly loose stop at 4.5% but that might change soon. I like the MACD on the weekly and daily candles.
EN: If you look at the graph, it goes clearly to 3.80. Short-term bearish trend, he has just hit his top line, touched for several times. FR: Si vous regarder le graphique, il s'en va clairement vers les 3.80. Tendance baissière court terme, il vient de frapper sa ligne supérieure, touché depuis plusieurs fois.
sure shot SHORT game. Weekly andn daily heavy OVERBOUGHT
2018 was good and bad for many stocks. It really could have shaken off people from the market. INSG for being a low dollar stock is impressive for the year. I see a stock that is solid as I have ever seen on just the daily technical analysis. I will pay attention to this stock.
INSG needs to bear down to $1.82 to gather steam for its journey back into the rising channel and profit potential. Friday's low volume, i feel, can't sustain the price at $1.89. Something to really consider is that the 50 day MA, should this anticipated movement come to fruition, will be right on the bottom of the pull back $1.82, making this stock poised to run...
INSG is trading in an ascending channel but it's facing to a resistance area. I'm expecting a rejection in this level for one more wave down. Hidden bearish divergence on 4h chart.