INVH consolidating again before the next move higher?
Recently INVH had an explosive break out from the $38 resistance. With tonnes of volume following even after the break.
Now that volume is slowing down, it seems like INVH is in consolidation mode again.
Will it give another leg higher? No one can be sure; but judging from the technical performance $39.50 seems to be support.
Thoughts:
* Volume is relatively calming down
* Seems to be consolidating before the next move higher
Trade idea:
* Look for buying opportunities around the $39.40 to $39.50 area
OR
* Wait for a break and close above $40.20
Now that volume is slowing down, it seems like INVH is in consolidation mode again.
Will it give another leg higher? No one can be sure; but judging from the technical performance $39.50 seems to be support.
Thoughts:
* Volume is relatively calming down
* Seems to be consolidating before the next move higher
Trade idea:
* Look for buying opportunities around the $39.40 to $39.50 area
OR
* Wait for a break and close above $40.20
Nota
This gave two days of opportunities to buy around the $39.40 to $39.50 area before breaking out.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.