Last Friday, Unusual Limited (“Unusual”) caught my attention. It is testing its key resistance $0.270 – 0.280, accompanied by an increase in volume for the past three days with above average volume in two out of the past three days. It closed at $0.275 on 4 Nov 2019. Day range 0.270 – 0.280.
Furthermore, as its 2QFY20F results are just around the corner, it may be an opportune time to take a look at this stock.
Interesting points
A) Chart looks positive with strengthening indicators and volume
Based on Chart 1 below, Unusual has been challenging its key resistance $0.270 – 0.280 for the past few days with increasing volume. This is a key resistance level, as it is near the lower end of its Feb 2019 – Aug 2019 trading range of around $0.270 – 0.320 (before it broke down in Aug) and its 50D & 100D exponential
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