Spotted a reverse head and shoulders, confirmation above the 20 EMA line. Might go for for a run, keep an eye out on this.
- Expecting consolidation at 0.48, needs to pass 0.55 for a breakout a 0.55
- Stop loss at 0.45
This is just an idea, do your own DD and good luck
On the weekly chart INUV formed a year long cup and handle with support at $0.50
Technical analysis:
1. Support at $0.50 for the past 2 weeks, has dipped several times below but always makes quick recovery, resistance at $0.60, if the price breaks resistance we may see a 52-week high in the following days/weeks.
2. Trend line in the upward direction, at the...
With great earnings reported during Q1 2020 (81% increase in revenue), and the next right around the corner with high expectations, an upward trend with an extremely strong trend line support, and an ascending triangle forming, everything seems primed up for an explosive run in the next few weeks.
