Currently there is a big hype over 5G and I think Inseego is one way to play. In a quick view, the stock looks like it is drawing a flag or a symmetrical triangle; but I think Inseego will draw a "W" shape instead to finally draw a bullish rectangle. Looking back 30 ma has been support and resistance so breaking 30ma could turn the stock to "bearish" mode real...
Inseego is the leader in 5G router and hotspots. They have contracts with several major carriers and the earnings that will push this stock to new highs are not baked into the price yet. On top it has 28% short interest which can be a major catalyst for a squeeze to higher prices.
All indicators (STOCRSI, CCI, MACD) look good for INSG as it breaks out of the channel.
Large effective Volume and a pocket pivot last 3 days via Chartmill.. A Pocket pivot is a volume/price pattern and occurs when: The price goes up compared to yesterdays close. The volume today is higher than the maximum down volume of the past 10 days. Effective Volume analyses the intraday volume on the minute level to determine what small and large players...
Descending triangle & @ historical support Daily hidden bullish divergence on the MACD and RSI 4hr hidden bullish divergence on the RSI Stop = Below support Target = 1st Resistance
|PRICE ACTION| ISNG price spikes consistently at 6 AM Standard Pacific Time and retraces for most of the day. Price has just hit resistance level at around 18 and will most likely retrace until 16, possibly lower. Floor support price is set around 13.90 and price has not broke down below it apart from JAN 6, support floor will most likely continue. MACD also show...
The chart doesn't look as possible head and shoulders anymore. Breaking out from the downtrend, bousing from a strong support
active Pennant spotted with PoC at $14.38. Volume looks positive, Stoch oversold about to cross.
Expecting next week sideways action to continue, with the thought that 16.50 (0.618 fib) will hold as support as well as the 30min kumo cloud. A larger move is expected in the first half of Jan with a price target of 21.50ish.
still has a couple weeks of upside before we see a big pullback imo, target 22-25 and use a tight stop! goodluck :)
Massive confluence of indicators which gave the strong buy signal followed by explosive move. See indicator signals on the chart. My Watchlist is performing really well.
Quick analysis on INSG Inseego the hot tech company deploying 5G hotspots with major telcos like Verizon. Yes the stock has had a great run, but it's clearly got momentum and the fundamentals are strong. We are tracking an upward channel with a downward-facing wedge if you zoom in close. If the lines I drew are generally in the right spots, then we're seeing a...
Bought at $10.17, Nice 22% move in 7days. Lots of technical indicators converged there - MAs, Ichimoku Cloud and as shown here the Fib 0.618 retracement a few days earlier.