ISOTeam – On the verge of chart breakout

ISOTeam has been testing the resistance of $0.400 – 0.405 on six occasions since 20 Jan 2014. There was a spike in RSI and ADX levels as the share price tested $0.400 – 0.405 on 9 & 12 May. RSI went to an all time high of 77.4 on 9 May. For the next four trading days (14 – 19 May), the share price consolidated around $0.380 – 0.405 and closed at $0.385 today (Monday). Due to this consolidation, ADX and RSI have fallen to more comfortable levels. RSI closed at 52.0 today. Based on Chart 1 below, ISOTeam remains on an uptrend, supported by the rising […]