Innovalues has been on a tear lately. It has risen for five out of six trading days, up 15% since $0.780 on 24 Mar 16 with increasing volume to close at $0.900. For the past week, Innovalues’ daily volume has consistently exceeded its average 30D and 100D volume amounting to 1.2m and 0.88m shares respectively. 21D exponential moving average (“EMA”) has pulled apart from 50D EMA after converging which is a positive sign. All its EMAs are rising, indicative of a good uptrend. ADX has started to climb from 9.8 on 24 Mar 2016 to close at 23.7 on 1 Apr 2016, indicative of a trend. Its RSI closed at 72.8 last Fri. Although it is slightly overbought, all time high RSI is around 93.3. To sum up, based on Chart 1 below, Innovalues’ chart looks strong and it does not seem ......