IVR Momentum Turning to Buyers
After the COVID dump, 
IVR bounced up to the second retracement level with a vengence. It pulled back from there after round 2 of panic selling, but now appears to have bottomed out halfway below the first retracement level.
I say this because the daily MACD signal line appears to now have a bullish trajectory. So with higher lows, huge upside potential, buyer momentum, a still somewhat oversold (Stoch) levels, I have entered into a 3month deep-in-the-money CALL option.
Target 1: $5.60 <<<<< this is a double-your-money target, but each of these targets are realistic. Don't get greedy!
Target 2: $8.00
Target 3: $9.80
Target 4: $11.80
IVR bounced up to the second retracement level with a vengence. It pulled back from there after round 2 of panic selling, but now appears to have bottomed out halfway below the first retracement level. I say this because the daily MACD signal line appears to now have a bullish trajectory. So with higher lows, huge upside potential, buyer momentum, a still somewhat oversold (Stoch) levels, I have entered into a 3month deep-in-the-money CALL option.
Target 1: $5.60 <<<<< this is a double-your-money target, but each of these targets are realistic. Don't get greedy!
Target 2: $8.00
Target 3: $9.80
Target 4: $11.80
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