Instaco Broke above the resistance line at 0.37

Instaco seems to be one of the hot stock in the top 10 highest volume for this week. I wonder what is the main reason of so many investor flooding on this ACE stock?

1) Broke above the R1 at 0.37 and next R2 is 0.43 ( another 10% more profit?)
2) MACD - Positive
3) RSI - So so
4) STO- Positive
5) Volume - Healthy

After further analyzing this counter, this counter was formerly known as IPOWER which is a famous stock to goreng!! So better be extra careful when investing this kind of stock.