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
Ran into this stock not too long ago and it looks like it wants to break out of a pattern. Im not convinced yet since the simple moving average is above the 9 & 21 EMA respectively. Im only interested in that potential $4 move to to $14.81 which is the highlighted target for a swing or position trade. For that reason, I have decided to set an alert as I can...