NYSE:IVZ Possible Scenario: LONG Evidence: Price Action This is my idea and could be wrong 100%.
Inverted H&S pattern The right shoulder arm is yet to form, this is when we can expect bullish results on this Weekly timeframe It may even escape this huge horizontal range shown with the horizontal line Very bullish pattern
IVZ has low P/E, D/E, and P/B ratios, despite growing revenue and dividends. Therefore, my 5 year outlook is bullish. I suspect the best times to buy are around a low of $19.40 for a short turnaround, but the price may get as low as $18.58 in as little as 2-3 weeks if the impulse from Jan-Feb echos the latest high. Other possible low points for the suspected...
On Balace Volume (OBV) shows that interest may be back in this great asset manager, which saw positive capital inflow as of the latest quarterly report despite an overall negative trend in the sector. When volume rises, price generally tends to follow. Noteworthy is also MACD which just crossover its signal hinting at a possible change of long-term...