ISOL / ISOLF
I have added ISOL to my Watchlist because it’s producing a descending triangle and has held support quite well through a sector-wide downturn when many have broken their support. Looking at ISOL we have key support level at $1.06 and the 100sma currently sitting at $1.03. The Bollinger Bands are starting to squeeze which indicates a higher probability of increased volatility to come in either direction. Looking at the Accumulation Distribution Line (ADL) weʼre seeing good accumulation over the past 2 months and the MACD has reset under zero. Will be watching for a bounce off support and increased volume to come in and a break of the resistance line at $1.20.
Taking a look at level 2 we are seeing good support in the $1.10-$1.05 range, something iʼm watching for here is increased bid support come in and buying off the ask.
