CFD Trading – Buy Invesco Limited (IVZ.NYS) @ $24.80. Stop @ $23.60 and Target @ $27.30.

Invesco Limited Stock Code IVZ.NYS

Outlook

Price broke above the cloud in the previous trading session, changing the chart outlook to bullish. Conversion line and Base line had a bullish crossover and is hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is below the cloud.  MACD is bullish and is hinting at a bullish price trend. If price is able to stay above the cloud, it could be heading towards the next resistance point at $27.40 in the next 2-3 weeks.

Strategy                  

$24.80                Buy

$27.30                Price Target

$23.60                Risk Management Stop

3 weeks              Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.