Were you notified? Heading towards out 0.900 target as per chart ? Now at 0.84, let’s see…..
Sent: Thursday, November 19, 2015 9:22 AM
Subject: ****************** Innovalues: A potential breakout play in watch list.... price 0.805
Subject: ****************** Innovalues: A potential breakout play in watch list.... price 0.805
Innovalues has consolidated sideways for about a month below the 0.800 psychological resistance level and today we have see it attempt a breakout above this resistance. More confirmation needed as of now. In watch list. 20 day MA line has crossed above both the 100 and 200 day MA over the past few days where we can see some trend change taking shape again. MACD above the zero mark still and it has been supported above the upward sloping channel support line since beginning its ascent in August. A clear breakout with 0.81 sellers taken out and volume coming strongly would be more confirmation.
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