IVR Momentum Turning to Buyers
After the COVID dump, 
IVR bounced up to the second retracement level with a vengence. It pulled back from there after round 2 of panic selling, but now appears to have bottomed out halfway below the first retracement level.
I say this because the daily MACD signal line appears to now have a bullish trajectory. So with higher lows, huge upside potential, buyer momentum, a still somewhat oversold (Stoch) levels, I have entered into a 3month deep-in-the-money CALL option.
Target 1: $5.60 <<<<< this is a double-your-money target, but each of these targets are realistic. Don't get greedy!
Target 2: $8.00
Target 3: $9.80
Target 4: $11.80
IVR bounced up to the second retracement level with a vengence. It pulled back from there after round 2 of panic selling, but now appears to have bottomed out halfway below the first retracement level. I say this because the daily MACD signal line appears to now have a bullish trajectory. So with higher lows, huge upside potential, buyer momentum, a still somewhat oversold (Stoch) levels, I have entered into a 3month deep-in-the-money CALL option.
Target 1: $5.60 <<<<< this is a double-your-money target, but each of these targets are realistic. Don't get greedy!
Target 2: $8.00
Target 3: $9.80
Target 4: $11.80
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.