Innovalues had a very impressive run from the low of 82 cents from 29th Mar 2016 and staged a strong recovery to trend higher to touch 1.105 on 6th July 2016. Couple with high volume, this is rather bullish.
On 6th July 2016 it had managed to clear the overhead resistance and crossed over 1.095 and closed well at 1.10. This is generally very positive.
With both Macd & Rsi still rising this may likely provide further indication that the share price may continue to trend higher.
Short term wise it may continue to trend higher towards 1.15 then 1.20 with extension to 1.30.
(trade base on your own decision)
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