INSG needs to bear down to $1.82 to gather steam for its journey back into the rising channel and profit potential. Friday's low volume, i feel, can't sustain the price at $1.89. Something to really consider is that the 50 day MA, should this anticipated movement come to fruition, will be right on the bottom of the pull back $1.82, making this stock poised to run up the hill to $1.97 resistance!
Bear volume was quite dominant in February, while noticeable bull movement still followed.
Double bottom perhaps at $1.81
*Let's see what happens!*
*Disclaimer- I am not a financial advisor. These are merely my opinions. Do your own research and formulate your own opinions regarding any moves you make. Seek professional assistance.
Bear volume was quite dominant in February, while noticeable bull movement still followed.
Double bottom perhaps at $1.81
*Let's see what happens!*
*Disclaimer- I am not a financial advisor. These are merely my opinions. Do your own research and formulate your own opinions regarding any moves you make. Seek professional assistance.