INVZ TARGET $3.66Looking at a great price to enter for a long position indicators are also pointing toward s a huge move soon 1:8 RR 800% move
INVZ trade ideas
100-200%supplier of advanced lidar systems and semiconductor sensors as well as perception software
They recently scored a big deal with Mobileye 👀
The stock is extremely undervalued and as far as the charts go has been lumped together with the performance of NASDAQ:INTC and $MBLY. I think that’s unjust and created the opportunity here
Target 1.70
INVZ Innoviz Technologies Buy OpportunityI believe this could be a Premium idea, but let's wait and see how it unfolds:
In March, INVZ saw some unusual out-of-the-money calls valued at over $1 million with a $2.5 strike price, expiring on April 19th.
Upon reviewing the chart, it resembles a double bottom pattern, suggesting a potential price target of $2.85 if a reversal occurs.
Recently, OUST, a rival company, announced record revenue for the fourth quarter and its stock price doubled. Similarly, INVZ reported record revenue and has a partnership with the industry giant Mobileye.
OUST's results underscore the importance of Lidar companies expanding beyond the automotive market.
Lidar technology can serve various purposes, such as enabling cars to navigate highways for adaptive cruise control or assisting humanoid robots in performing basic tasks with AI.
Some of the robots seen at Nvidia's recent event had eyes provided by Ouster lidar, according to Ouster.
Considering these factors, I speculate that the $2.5 calls on INVZ may be linked to a significant upcoming catalyst, possibly even a buyout.
INVZ Innoviz Technologies Options Ahead of EarningsAnalyzing the options chain and the chart patterns of INVZ Innoviz Technologies prior to the earnings report this week,
I would consider purchasing the $3.50 strike price Calls with
an expiration date of 2023-8-18,
for a premium of approximately $0.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
How to make money on INVZ - Mid term tradeHey Traders,
We've taken a look at NASDAQ:INVZ today.
The absolute classic set up here on NASDAQ:INVZ , the stock is changing direction after a very long downtrend.
The stock broke a bearish trendline and our thought is that we will see the stock come down a little
bit to check again the trendline and that will give us an entry point.
Target if we see a bounce: $6.41.
