Shares & Derivatives
ISOTeam on the verge of a potential bullish chart breakout (9 Jan 2017)
By Ernest Lim's investing blog  •  January 10, 2017

ISOTeam recently caught my attention with a surge in price, accompanied with volume.

Based on Chart 1 below, ISOTeam has been trading in a tight range of $0.375 – 0.405 since 30 Aug 2016. ISOTeam closed unchanged at $0.395 on 9 Jan 2017. All the exponential moving averages (“EMAs”) are turning higher with 20D EMA on the verge of forming a golden cross with 50D EMA. Amid positive placed DIs, ADX has turned higher from 17 on 27 Dec 2016 to 30 on 9 Jan 2017, indicative of a trend. OBV has strengthened, together with other indicators such as RSI and MACD. RSI closed at 61 on 9 Jan 2017. It is noteworthy that RSI has touched around 86 in July and August 2016 before it declined. A sustained break above $0.405 with volume points to an eventual measured technical target of around $0.435. Conversely ...

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By Ernest Lim's investing blog
I am an avid investor, trader cum remisier. I am a Chartered Financial Analyst® charterholder, as well as, a Chartered Accountant of Singapore. I have published articles on a wide range of topics on finance and investment, ranging from market / sector outlook, technical analysis and fundamental analysis etc.
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