The_Patterns_Guy

#INVE #long #stock

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NASDAQ:INVE   Identiv, Inc.
INVE on the daily chart looks good. All the indicators are supportive. Price action has broken a downtrend forming a descending triangle. The brake out looks like a rising wedge. A break above the wedge could be a sign of a larger change in price direction. I have set a stop at the price both trend lines intersect. My minimum target is the most recent price peak. overall RRR is around 1.25.

Weekly
Not the best price action, but look at the indicators. stoch RSI has shot up. OBV picking up. Macd curling up.

Monthly
The monthly looks like shit. Lets ignore this for now.

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