Isodiol International Inc ISOLF

RE:RE:RE:RE:RE:Chart just hit a couple of major milestones?

[bdsmithsk]

4mykids wrote: I will just add my take to Pocketsundial's and try to explain it in such a way that you can verify it as well. He mentioned the Williams % 

First I will start with the Moving Averages.  All moving averages on the lower timeframes are being supported by the 50 MA as it currently stands.  The 15 min up to the 2 hour timeframes show fanning of 4 Mas that I am using, the biggest of which is the 50.  When this fanning occurs with support from the 50 Ma to the lower Ma's - It identifies a bullish upptrend. Fanning is essentially when the Mas move wide appart identifying the strength of a move.   A cross would be dangerous as it signifies potential reversal slight or extrme to the downside.  Should the 50 be on top of the others, you will see a downward SP movement .  In saying that, Isol up to the the 3 hour timeframe is also starting this process of fanning.  On the 4 hour and dailys, the crossing is in process.  It is not there just yet however it is close.  I am hoping this happens in the next couple of trading days.  

The RSI on the daily has also broken out of a resitance since consolidaiton commenced.  This is also a bullish indicator, which we have not had happen for a while now.  

The accumulation Distribution indicator is in an uptrend.  This is also bullish - identifying that the stock is being accumuated and confirming the uptrend.

So these are some of the indicators that are showing strength,  
There are a couple of elements to consider. 

1.  The initial move up and subsequent consolidation looks to be wave 1 and 2 Elliot wave.  The retracement has been in between the .5 and .618 Fibs which is a great retracement level.  If that is the case there are still 3 additional waves to come. 2 up and one down. wave 3 is normally the longest wave but is never the shortest.  In saying that a conservative ratio would be a 1:1 move with the initial move.  

2.  We have broken out of key resistance in the 1.20s and had no problems maintain it today

3. There appears to be a cup and handle formation in process. or about to be completed.  I believe that the shape will be completed once the Mas are all in line on the daily as described above. 

BTW these are just chart observation as unbiased as I can be,  This in essence is a beauty of a chart thus far.  Once it breaks the next resistance it should do what we all expect it to do

I hope this helps.  
GL.

 Sooo...your saying we may test the $2.14 high from November soon?

 Thanks for the info btw, interesting yet quite complicated.