On 17 May 2016, I wrote that Innovalues’ profit taking may be over soon (see here) and a break above $0.925 – 0.935 on a sustained basis should negate the bearish tinge in its chart. It was coincidental that Innovalues surged 6.5% or $0.060 to close $0.985 on the following day (18 May 2016) on strong volumes and has not traded below $0.925 since then. What’s next for Innovalues? Read on for more. Chart analysis After hitting an intraday high of $1.015 on 23 May 2016, Innovalues has been consolidating its gain. Based on Chart 1 below, it seems to be forming a potential bullish flag formation. If Innovalues can breach $0.980 with volume expansion and on a sustained basis, an eventual measured technical target price is around $1.080. It is noteworthy that Innovalues has successfully tested its 21D ......