Disclosure: do not hold just aware of the stock through a friend.
Whilst the chart is in an uptrend a few signals of weakness popping up such as the smaller projection on the new high, a very deep retrace and a couple of current failures to make a new high.
The structure has not been broken yet as a new low has not been made. Threat is for the structure to break down below 4.6 which would create a lower low.
If I was long I would be staying long at this stage however conditions are not warranting an entry.
Caveat: this is purely TA and does not consider any FA which I am aware of. Additionally this stock is relatively low market cap thus the above may not be as accurate on a more liquid stock. It’s just an analysis of the status quo.
GL
IVZ Price at posting:
4.8¢ Sentiment: None Disclosure: Not Held
