Long term hold within a hot sector. I believe IMMR is going to have a huge role in the metaverse. This is a good opportunity to buy and hold long-term.
I do not know which pattern exists here. Could be a double bottom, could be an IHS. Or could be "none of the aforementioned"
Watching and holding long.
I love IMMR. I love gaming stocks.
I do not love waiting.
This is risky to assume the IHS is going to pull us up when we are spending so many days below the 50 SMA.
I am long the stock and want to see it climb so that I can sell calls on my core position.
Took a position.
Nice 40% pullback from the highs back to the strong level and EMA 20.
Good sign: there was a volume spike at this level in January.
MACD and RSI indicators look healthy as well
Lovely cup and handle break out, Retested support and is setting up again in a Bull Pennant. Might see another dip buy opportunity at 11.20 ish... Target would be $18
normally i dismiss pretty much anyone on youtube but i feel like new class of investors and social media savvy and financial market savvy generation has redistributed and disrupted the way retail investors can access insight and information and ideas about the stock market. i would have never looked at this company but according to the youtube and press releases,...
this one has a potential upside target near $17 strong growth predictions and strong EPS forecasts with share buybacks signalling management confidence in their business model
On the 1HR I see a Bull flag forming with strong support at $11.70 area. If we break that support I think we can see this drop further down to the $11 area before we see it head to impulse wave (3). Short term PT is $14.
Analyst Charles Anderson from Colliers reiterated a buy rating on the stock while increasing its price target from $13 to $15.
Anderson is bullish on the company's prospects related to Sony's PlayStation 5, which incorporates Immersion's haptics technology in the new DualSense wireless controller. One of the notable additions to the newest generation of the game...
Immersion Corporation creates, designs, develops, and licenses haptic technologies
Allow people to use their sense of touch when they engage with various digital products.
Looks like an inverse H&S ? It can take us to 9.30 as a start.
Why?
The Pattern is completed on a close above the neckline around 8.
The minimum objective is the vertical distance of 1.50$...
This has replicated alot on gap downs look at the 10 year chart alot times after a gap down this went to 6.
Use the support level to take some off the table. This is my opinion based on the 10 year price history.
