Good time for NASDAQ:INSG to appear as a good long show maker.
Building double bottom with in couple with RSI and MACD baseline can be a nice root for a starting ascending moving.
My expectation, that we can take about 200% in 4 months.
Does not constitute a recommendation.
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The asset has now arrived at a great load-zone. throughout its history, INSG used to gain bullish momentum from the midline of the historic blue channel. labeled as our Entry on the chart.
The slowdown of the bearish momentum and the increasing volume on the load-zone is also another bullish indicator that can hint a violation of R1 is inevitable in the upcoming...
Arter hitting support yet again, Inseego has broken out of famling wedge, while in a descending channel, both signaling bullish.
The MACD is as of now crossing above the line, signaling bullish as well.
Last week has brought a steady increase in volume.
The earnings which were published a few days ago, seems to not have affected the trend negatively.
I can see...
Rejected resistance, looks like market is pulling up. My opinion is that it could be a long with a good yield. Will be interesting to see if earnings will affect the trend. Not financial advice.
$INSG, See cypher sitting on weekly trend line Targets are pink lines- 382% , 618% and top of pattern, Trigger is .786% of XC, stop below X (technically a close below x on daily)
It looks like INSG has bottomed after testing the 0 fibonacci level which also coincides with the ascending trend line on the weekly time frame. Also the price is well bellow the 12 month POC line (11.02) and the RSI is way over sold.
First target 11.05
Second 12.50
Total liquidation in this name today. I like the 5G story long term and didn't think the narrative changed with the earnings report. Stock pulling into an area of support. I'm short $10 puts.
Cheers!
This is just my plan for playing INSG . Something I am still considering putting in my longer portfolio (1-2 years+) for a potential 5g/infrastructure play. After getting beaten down so much, I can see the upside for this. Let me know what you think.
5G Market Provider company .
High Sells .
1.44B Market Cap.
Inseego Corp have a median target of 13.50, with a high estimate of 20.00 and a low estimate of 10.50. The median estimate represents a -14.07% decrease from the last price of 15.71
