INSG on watch for continuation today after breaking above the 200ma.
indicators Bullish.
major downtrend broken
Volume increasing
$10.55 next major resistance to watch
$10.73 100ma.
-INSG currently trades between VWAPs from significant YTD highs and lows, the tightening range of these VWAP lines creates a 'squeeze' like a tightening bollinger band or similarly a TTM squeeze, which signals a current decrease in price range and an increase in volatility is to come
Why I expect this increase in volatility to occur to the upside:
-50%...
I anticipate an upward breakout out of the trading range because:
-price increases with higher volume and decreases on lighter volume
-higher support level as range develops
-larger trend is up for the market
Buy zone in the area of the new support level or following breakout and close above the range.
I'd hold for a few months to a year.
Possible trade in this under the radar 5G company.
Alert set for break above $15.20
Potential upside targets $ 17.50 - $18.96
HAs been considerable action in the options market with a bullish outlook.
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
High 27% short interest
Inseego Corp. engages in the design and development of fixed and mobile wireless solutions. It offers enterprise Internet of things, 4G long term evolution, and 5G services. The company was founded on April 26, 1996 and is headquartered in San Diego, CA.
INSG is a stock I've played a few times at this point. Sticks to a pretty standard range, but they just announced the sale of senior notes which works as a catalyst for the bullish scenario.
INSG looks to be slowly picking up momentum after their last quarterly report, this is my first attempt on technical analysis, and a trend continuation can be a possibility in the next 2-4 weeks.
- Possible break out at the first price point.
- Or going to a higher price.
Keep in mind that it will also get closer to the date of their next quarterly call.
Inseego Corp. (NASDAQ: INSG) is an early leader in 5G connectivity solutions and boasts a first-to-market advantage in 5G solutions like 5G MiFI, FWA, and IoT, according to Stifel.
The Inseego Analyst: John Marchetti initiated coverage of Inseego with a Buy rating and $13 price target.
The Inseego Thesis: Inseego's expertise in the 5G universe should serve as a...
