This week, two stocks, namely ISOTeam and Sunpower caught my attention with their potential bullish chart developments amid volume expansion.
1. ISOTeam
Chart looks positive with strengthening indicators and volume
Based on Chart 1 below, ISOTeam has been trading in a range $0.225 – 0.245 since 2 Aug 2019. ADX is starting to rise (closes at 18.7) amid positively placed DIs. In addition, indicators such as MACD, OBV and RSI are strengthening. MACD has done a bullish MACD line crossover and centerline crossover. A sustained breach above $0.245 with volume expansion is positive for the chart with an eventual technical target $0.265.
Near term supports: $0.235 / 0.225 / 0.220
Near term resistances: $0.245 / 0.255 / 0.275
Chart 1: Volume picks up amid strengthening indicators
Source: InvestingNote 5 Nov 2019
Other interesting aspects of ISOTeam
a) Average analyst target price $0.320; potential capital upside 33%
Based
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