ISOTeam Ltd – Daily timeframe (Update from 25 Aug 16)
Current Sentiment: Bullish
Support 1: 0.375 Resistance 1: 0.410
Support 2: 0.370 Resistance 2: 0.425
The failure of a follow through after the last update resulted in price heading lower into a correction.
However, the uptrend remains intact as the 20 and 60 day moving average steadily supported price up on numerous occasions. In addition, the most recent bullish rejection on 20/10/16 resulted in price breaking above the 0.390 immediate range high suggests a possible move back into the uptrend.
Expect price to head higher next to test the 0.410 resistance area followed by 0.425.
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