INSG Inseego is setting up for the next run.. paying attention?
Updated
Quick analysis on INSG Inseego the hot tech company deploying 5G hotspots with major telcos like Verizon.
Yes the stock has had a great run, but it's clearly got momentum and the fundamentals are strong. We are tracking an upward channel with a downward-facing wedge if you zoom in close. If the lines I drew are generally in the right spots, then we're seeing a breakout to the upside slowly creep and before anyone realizes this stock is likely to retest it's all-time highs again.
I'm bullish on 5G, so I love names like Inseego which are actually deploying hardware in the market and making headlines around strong performance.
What's your thought? Is my 5G bull bias blinding me or is the chart showing us what I'm seeing?
Yes the stock has had a great run, but it's clearly got momentum and the fundamentals are strong. We are tracking an upward channel with a downward-facing wedge if you zoom in close. If the lines I drew are generally in the right spots, then we're seeing a breakout to the upside slowly creep and before anyone realizes this stock is likely to retest it's all-time highs again.
I'm bullish on 5G, so I love names like Inseego which are actually deploying hardware in the market and making headlines around strong performance.
What's your thought? Is my 5G bull bias blinding me or is the chart showing us what I'm seeing?
Note
OMG ITS HAPPENING!!!!
Disclaimer
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.