INSG playing in a Rising ChannelINSG needs to bear down to $1.82 to gather steam for its journey back into the rising channel and profit potential. Friday's low volume, i feel, can't sustain the price at $1.89. Something to really consider is that the 50 day MA, should this anticipated movement come to fruition, will be right on the bottom of the pull back $1.82, making this stock poised to run up the hill to $1.97 resistance!
Bear volume was quite dominant in February, while noticeable bull movement still followed.
Double bottom perhaps at $1.81
*Let's see what happens!*
*Disclaimer- I am not a financial advisor. These are merely my opinions. Do your own research and formulate your own opinions regarding any moves you make. Seek professional assistance.
