IVTY is oversold and has reached a bottom for the 4th time making this a strong buying point/support area. Elder bulls are trending up while price is trending down- this works as a sling shot effect on the stock. Just like a sling shot, you can only pull it back so far before it slings forward. This idea was used in my earlier post for BCLI.
Also, RSi is now 19. ITs under 20 but it is still possible for this to drop. Considering the strong support area,this may be the time to buy. Also, The upward momentum possible seems to be to $8 before we see any resistance. This would provide a 30% return. Please feel free to comment and criticize.
Also, RSi is now 19. ITs under 20 but it is still possible for this to drop. Considering the strong support area,this may be the time to buy. Also, The upward momentum possible seems to be to $8 before we see any resistance. This would provide a 30% return. Please feel free to comment and criticize.