INSG Bouncing off of previous resistance and 50 EMA
180
INST is bouncing off of a major line of resistance and the 50-ema. I entered at $9.59. My stop loss is at $9.20 (4.17%) and my first profit target is 11.15 (16.15%) which is pretty decent.
The price also moved below both support lines yesterday and two days ago but was rejected both times.
I'm hoping that it'll reach this target and continue to move upward 20%.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.