Movement, page-8

The tide may be beginning to turn. Recent positive news flow and the current 4C augur well IMO.
Revenues are flowing and growing, and will hit the bottom line in due course.
There has been a long accumulation base formed over the the last 12-18 months, with strong support at 14.5 cents and overhead resistance at 19.0 and 21.0 cents.
Generally the longer the base takes to form, the stronger the mark up phase. Patience has definitely been tested, but we are much closer to an upside re-rate IMO.
We need to take out that pesky 21 cent level with conviction (volume !!).
Price action over the last 4-5 weeks has been bullish (see long tailed candles rejecting the 14.5 cent level )
We are back above the 200SMA , also.
Feeling more confident about ISX every day.


Cheers,