strong buy
INJ Bulls Eye $34 as Canary Capital Launches ETF in Delaware
The long position from LordOfAlts, who has 110K followers, targets INJ at $13.68 with specific goals at $16.8, $26, and $34, representing potential gains of 22%, 90%, and 148%. The stop-loss is set at $11, implying a 19% risk. Canary Capital has filed to register the INJ ETF in Delaware, which is interpreted as a bullish signal. The trader believes that an Elliott Wave 1 upward impulse has started, indicating the beginning of a new bullish wave after a consolidation phase.
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AI Analysis
The trader's optimistic outlook on INJ appears to be grounded in both technical and fundamental signals. The mention of Canary Capital filing for an ETF is significant; such institutional activity oft...
AI Recommendation
Given the bullish signals supported by institutional activity and the technical impulse wave analysis, it would be prudent to consider entering a long position in INJ at or near the current level with...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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