Thursday, April 7, 2016

Innovalues: Some actions seen after morning call, now at 0.945.... can the 0.95 clear out too?

Raise stop loss to protect profits… J

Sent: Thursday, April 07, 2016 9:45 AM
Subject: ************** Innovalues: Resistance at 0.93 - 0.94 key form more upside, uptrend intact above 0.86. Price 0.915
We are seeing some strength in Innovalues again with it trying to attempt a breakout above the recent high at 0.93 and the all time high at 0.94. Volume building up on this move and any convincing break above can be a positive with next target at 1.00. Have managed to find some support around the 0.86 level which was originally the resistance level it broke out from. Let’s see.

Sent: Thursday, March 31, 2016 11:45 AM
Subject: **************** Innovalues: A further breakout above 0.91 can see more strength, price 0.905
Today we have seen some profit taking with support at 0.86 – 0.865 holding and buyers started returning to take it higher. It is now back to the high set yesterday at 0.905. Note that any clearing of 0.905 – 0.91 can potentially more momentum with target to 0.96 then 1.00 as mentioned yesterday.


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