ISOTeam recently caught my attention with a surge in price, accompanied with volume.
Based on Chart 1 below, ISOTeam has been trading in a tight range of $0.375 – 0.405 since 30 Aug 2016. ISOTeam closed unchanged at $0.395 on 9 Jan 2017. All the exponential moving averages (“EMAs”) are turning higher with 20D EMA on the verge of forming a golden cross with 50D EMA. Amid positive placed DIs, ADX has turned higher from 17 on 27 Dec 2016 to 30 on 9 Jan 2017, indicative of a trend. OBV has strengthened, together with other indicators such as RSI and MACD. RSI closed at 61 on 9 Jan 2017. It is noteworthy that RSI has touched around 86 in July and August 2016 before it declined. A sustained break above $0.405 with volume points to an eventual measured technical target of around $0.435. Conversely …Read the full article →