Inverted H&S pattern
The right shoulder arm is yet to form, this is when we can expect bullish results on this Weekly timeframe
It may even escape this huge horizontal range shown with the horizontal line
Very bullish pattern
bullish divergence and falling wedge breakout . A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend.
Invesco Plc (IVZ) reported Q4 December 2021 earnings of $0.86 per share on revenue of $1.8 billion. The consensus earnings estimate was $0.76 per share on revenue of $1.2 billion. Revenue grew 8.2% on a year-over-year basis. Great long entry here for bulls. A lot of Pension Funds invest in Invesco. Here's important levels on the 1 day chart:
P/E = 8.525
Current price is at a decent distance from 52-weeks highs and lows, according to the formula: .
The system identifies more buyers than sellers at this time.
Company was also compared to its competitors and has higher than average score.
Here's the algo trader best strategy to trade.
still a BUY and HODL. I have not changed my mind on my target of triple digit Invesco. So underpriced imo compared to most of the crap out there. Most bullish on IVZ, AG, BUD, and all metals. Commodity grand cycle is here. When IVZ really wakes up ppl will be very sad not to have loaded it up at 15 dollars when we were first telling ppl
Price breaking two days balaance to the upside after a strong trend last week, also IVZ is a financial company , this sector has increased ver 5% last month, also if price wont get the targer on monday , we should take out the trade because it has earning on tuesday
Bull flag formation
Daily and 4hr hidden bullish divergence on the MACD and RSI (MACD on 4hr just confirmed)
Entry is the latest close price
Stop is just below the support of the bull flag
1st Target is the next resistance
2nd Target is the resistance after that
Technical indicators are saying that this broken down stock is a "buy". Tradingview has rated this stock a "strong buy".
It has much room to run up and it can slice through price easily, as it sold off quite easily earlier this year.
This stock is in the S&P500 and could be worth looking into for a bullish trade.
IVZ Beshar Sarah Dir P - Purchase $10.54 +9,500 47,021 +25% +$100,117
IVZ Flanagan Martin L Pres, CEO P - Purchase $10.19 +294,507 4,410,454 +7% +$2,999,988
IVZ Henrikson C Robert Dir P - Purchase $7.93 +12,660 55,334 +30% +$100,356
Invesco Ltd. engages in the investment management business. Its product includes mutual funds, unit trusts, exchange-traded funds, closed-end funds, and retirement plans. The company was founded in December 1935 and is headquartered in Atlanta, GA.