The below is a linear regression chart from 07/14.
The open this morning was spot on HORIZONTAL resistance (orange)........ @ 60c. and currently testing TREND line resistance (yellow) ........ @ 57c.
In the absence of further news expect these two levels to be the upper limits and in the near term expect the gap @ 45c. to close.
The consolidation at, or near, the 37c. level was a month before the break out.
Cheers.
ISX Price at posting:
56.3¢ Sentiment: None Disclosure: Not Held