ISSC: Ascending Triangle, ConfirmedAscending Triangle, confirmed Pros: Descending volume during formation Volume Spike at break out PPS above 50Ma and 200MA RS above 0 and ascending R/R above 16, high 250RSI above 50, high Cons: ATR flat, less volatile 200MA flat Target: PT = 9,32$Longby LeLaf2
$ISSC Pre Earnings trade setup for Innovative SolutionsEntry level$4.60 = Target price $5.90 = Stop loss $4.30 Innovative Solutions & Support, Inc. is engaged in the manufacturing of flight navigation systems. It designs, manufactures, sells, and services air data equipment, engine display systems, standby equipment, primary flight guidance, and cockpit display systems for retrofit applications and original equipment manufacturers. The firm supplies integrated flight management systems, flat panel display systems, integrated standby units and advanced global positioning system receivers that enable reduced carbon footprint navigation. The company was founded by Geoffrey S. M. Hedrick on February 12, 1988 and is headquartered in Exton, PA. Longby Bullishcharts43
Is the trend reversal convincing?I've marked what I think are a flag and pennant showing a gain of about 38% since January. The press release on Feb 13th about the first quarter 2018 results had this: '...Shahram Askarpour, President of IS&S, added, “I am pleased with the progress we have achieved in establishing a strong market presence solely on the foundation of products we have internally developed. We believe the strength of this strategy can be seen in our gross profits, which reflect the attractive margins of production orders, even at volumes below our historic norms. With the introduction of the only FAA-certified Turboprop Autothrottle, we are essentially creating an entirely new market. ' Their revenue is down but gross profit is up, if I read the release correctly they have a backlog of orders, and if the new market comment is true there's a lot to like, right? I think the chart pattern is saying "Buy, buy!" Am I right? by germacUpdated 4