INSG avwap 'squeeze' should resolve to upside

-INSG currently trades between VWAPs from significant YTD highs and lows, the tightening range of these VWAP lines creates a 'squeeze' like a tightening bollinger band or similarly a TTM squeeze, which signals a current decrease in price range and an increase in volatility is to come

Why I expect this increase in volatility to occur to the upside:

-50% retracement: INSG has consistently found support at the 50% retracement from the move higher off the March low
-Support in INSG/SPY: INSG finding support in relative performance to SPY was a prior predictor of ensuing outperformance vs. SPY, and having recently reacted higher from support, I expect outperformance to resume

Conclusion: tightening price range shown by anchored VWAP squeeze and a reversal higher in SPY relative performance point to an imminent upside breakout

评论:

With the stock breaking down from the squeeze, the momentum is gone but a decent R/R opportunity has presented itself if you want to use the 50% retracement as a line in the sand and set a stop below say $9.4.

More concerning than the price action is the fact that the relative strength has broken below support.

Overall, much hotter names than INSG right now, I've lost interest for the time being