INVO: Potential Moonshot- Very Nice Risk to Reward Swing Play
This looks ready to takeoff in my opinion. They are working on increasing their exposure in the European Markets (Spain in Particular). Financials Don't look the greatest, but they are in a very niche market and similar stocks in the space have recently exploded to the upside (VIVE is a great example)
Technically speaking though, this chart looks fantastic. Tons of volume after the latest sell off, which has created a prefect support level of around $2.90.
About to see a golden cross on the Daily Chart using the Simple 20 and 50 MA. This stock has also quietly broken out of the current resistance and is now looking to try and form a support on top of the previous resistance.
My entry was at $3.50 and I'm looking to start taking partial shares off once price has hit $4.45.
This really could go much higher then that if the stock repeats what it did in 2018 ( price jumped from $3.50 up to +$20.00)
Goodluck Traders! Please share your comments on the stock!
Technically speaking though, this chart looks fantastic. Tons of volume after the latest sell off, which has created a prefect support level of around $2.90.
About to see a golden cross on the Daily Chart using the Simple 20 and 50 MA. This stock has also quietly broken out of the current resistance and is now looking to try and form a support on top of the previous resistance.
My entry was at $3.50 and I'm looking to start taking partial shares off once price has hit $4.45.
This really could go much higher then that if the stock repeats what it did in 2018 ( price jumped from $3.50 up to +$20.00)
Goodluck Traders! Please share your comments on the stock!
Hopefully some others cashed out on this move! Will be continuing to watch to see if it forms support over resistance for the next leg up!