IVR CHART ALL SUPPORT/RESISTANCE LINES MARKEDResistance = RED
Support = GREEN
Trends:
Purple = Resistance
Teal = Support
I could see it trading along the marked path, but who really knows with IVR
For horizontal lines - Give priority to the thicker lines
Follow indicators
BIG RESISTANCE AT $13.50
Buy green/sell red. Make sure to change colors of lines as support/resistance breaks.
IVR trade ideas
IVR Longdaily, Trendline break, no re-test,
to wait for the re-test /confirmation, I missed lower price.
After one year consolidation, it will be easy to breakout current price range.
Long 8.35
Stop 7.5
Target 10, 12
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
IVR BUY/LONG NOW READY! 3.5-3.65 by SEPTEMBER 2021TICKER CODE: IVR
Company Name: INVESCO MORTGAGE CAPITAL INC
Industry: US Stocks Finance Real Estate Investment Trusts
Position Proposed: BUY
BUY ENTRY: READY (4.00)
2nd BUY ENTRY: 3.5 - 3.65
1st Partial Take Profit: 7.00 (August-September 2021)
2nd Partial Take Profit: 10.00 (October-November 2021)
3RD Partial Take Profit: 15.00 (June-July 2022)
Stop Loss: 2.00
Technical Analysis
1. Bullish Pennant in 1H timeframe
2. Inverse Head and Shoulders (Forming Head)
3. Double Bottom
4. Safe Take Profit on Fibonacci Extension 1.0 Grey Zone
5. 2nd Partial Take Profit on Structure level and Fibonacci Extension 1.618
6. 3rd Partial Take Profit on Structure level and Fibonacci Extension level 2.618
Caution: If chart falls to 2.5-3.2, there may have sideward movements before shooting up.
IVR TO $5?IVR is a mortgage company that was ranging from $14-$17 dollars per covid. This recovery play just broke the Falling wedge pattern in confluence with multiple support zone touches on the 4HR timeframe; indicating the beginning of very strong bullish sentiment . This will have to close above the previous high of $4.60 in order to verify a higher low. (Ultimately an uptrend) but this is a safe and conservative trade.
$IVR Invesco Mortgage Potential Targets
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$IVR - Pump & Dump Alert?$IVR went up 17% today and up 11% AH for no particular reason. I sense a pump and dump forming to futher distract us from the MOASS $AMC. How ever we should take this oppertunity to our advantage and play the trend while taking our profits over to AMC. Thats what im doing, you can do what you want. I feel like it could reach $8+ before being dumped. Tomorrow I'm buying $5c weeklies, getting out at around $8 then buying $4p weeklies for on the way down. LMK what you think, not much TA on this I apologize.
$IVR - Quick High Risk TradePersonally, I am very concerned with what will happen in the real estate market come July when people are expected to start being foreclosed on... Due to COVID this has been delayed for months... It could keep being delayed, but I have been hearing July is when it will start. This is what makes this trade HIGH RISK.
Based on my TA I have given trend lines, entry points, and the highest price target I see in the next 2 months. This is a short term swing trade, not a long hold, IMO.