After a strong rally, INVZ has retraced sharply to the 0.786 Fibonacci level (~$0.75). This level is often considered the last line of defense for bulls before a deeper correction.
📌 Key Observations:
✅ Price testing 0.786 Fib—a potential bounce zone if buyers step in.
✅ RSI near 40, approaching a possible reversal territory.
✅ Low-volume selling suggests no strong bearish conviction yet.
🚨 Key Levels to Watch:
🔹 Support: $0.75 (0.786 Fib), $0.46 (1.0 Fib).
🔹 Resistance: $0.97 (0.618 Fib), $1.13 (0.5 Fib).
If this support holds, a strong bounce could take the price back towards $1.13+. However, a breakdown below $0.75 may open the door to lower levels.
What do you think? Will bulls defend this level, or is more downside ahead? Share your thoughts! 📊👇
#INVZ #Fibonacci #Stocks #Trading #TechnicalAnalysis
📌 Key Observations:
✅ Price testing 0.786 Fib—a potential bounce zone if buyers step in.
✅ RSI near 40, approaching a possible reversal territory.
✅ Low-volume selling suggests no strong bearish conviction yet.
🚨 Key Levels to Watch:
🔹 Support: $0.75 (0.786 Fib), $0.46 (1.0 Fib).
🔹 Resistance: $0.97 (0.618 Fib), $1.13 (0.5 Fib).
If this support holds, a strong bounce could take the price back towards $1.13+. However, a breakdown below $0.75 may open the door to lower levels.
What do you think? Will bulls defend this level, or is more downside ahead? Share your thoughts! 📊👇
#INVZ #Fibonacci #Stocks #Trading #TechnicalAnalysis
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.