Shares & Derivatives
Chart alerts for ISOTeam and Singpost (9 May 17)
By Ernest Lim's investing blog  •  May 11, 2017
Two charts have caught my attention, one potentially bullish (Singpost) and the other one potentially bearish (ISOTeam). Below are my personal views. ISOTeam – hanging near critical support Based on Chart 1 below, ISOTeam has been trading in an approximately 10 month range $0.370 – 0.430 since Jul 2016. Most exponential moving averages (“EMAs”) such as 20D, 50D and 100D are sliding and compressing. This compression is usually unsustainable over the long term and may signify a possible significant price movement. ADX closed at 24. Although the directional indicators (“DIs”) are positively placed, +DI is turning downwards quite rapidly. The (relatively) large price movement occurred on 3 May 2017 pushed ISOTeam to an intraday high of $0.405 with 1.2m shares traded. The next three trading days will be T+5, T+6 and T+7 for ISOTeam. It will be interesting to see whether ISOTeam breaks the support ......
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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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