Good Retest gap today. Honestly, this entry might be a bit too low. However, if INVN takes 4 or 5 days to fill the gap, the entry point converges with the point of the triangle as well as the 10 EMA. I can't take the trade due to available funds, but I would leave this trade open for 6 or possibly 7 days depending on the rest of this week.
InvenSense Inc. is the provider of the MotionTracking™ sensor system on chip for consumer electronic devices such as smartphones, tablets, wearables, gaming devices, optical image stabilization, and remote controls for Smart TVs.
(Source: www.google.com )
Just released on social ...
Motley Fool has been touting a company that will profit from the Apple watch and Ioe. This is the company INVN. This stock has a lawsuit due to not sharing with investors that Apple was working with them. This is a speculative play but could play out if indeed they have the skeleton in Apple products. The way to play it is either stock at around 15.00 per ...
Signals suggest INVN is staged for a rebound. With yesterday's 8% move upwards, INVN has broken out of a descending triangle and above the psychological level of $15, that it failed to breach over the previous four trading sessions. The 9EMA crossed the 20MA and the RSI is rising from a rounding bottom, one of my favorite patterns. Entry at $15.15. First target is ...
Upside to 29 longer term.
Risk to 19.7 from 22.97 last.
If we get dips to the breakout level to buy, then that would be ideal but I'm not expecting it. This stock is heavily favored to be the big winner for "wearables" because they make motion sensors on a chip for tracking movement and positioning and are extremely low energy consumption for long lasting use. ...
The key to this is that Invensense makes those motion sensor chips used in everything these days. Add on a great chart pattern and it makes for a great technical setup.