Trendlines Tell a Story... IVN Updates

٢ أكتوبر ٢٠٢١

#IVN has been an interesting stock to trade with large swings to the upside and as well to the downside. HOWEVER non the less, we have been on an uptrend journey... For a very long time; since March 2020! BUT what about now? I'm showing some concern here for the longs out there as we can see some pretty clear evidence of possible breakdown or the start of a transition. As you can see from my updated technical analyses, we have (4) different factors to show signs of weakness. The question to be held; Will the 200EMA be the comfort bounce we need to see this back up to the 10 dollar zone? Or with this pierce the 200 with no forgiveness. Opinion accepted!