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ISDN Holdings Sees Support At $0.50, Poised For Rebound
Trend Spotting | 29 November 2013
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By: Robin Han
Articles (102) Profile

ISDN Holdings has been falling since late-June and has lost more than 50% of its value. Recently, the counter fell to an important support level at around $0.50. Given that it did not fall below $0.50, it shows that the sellers are not strong.

From a fundamental perspective, the company recently released its 3Q13 financial results with revenue dipped slightly while profit declined 44.7 percent. Despite the bad news, it did not trigger a sharp fall thus suggesting that sellers are not strong and buyers may come in to dominate in the short term.

If the counter managed to stay above $0.50, it may have a strong rebound or even be on a short-term uptrend. One may consider buying on weakness during a pull-back, and expect a rebound thereafter. Another way to trade would be to wait for the confirmation of strength, when its price rises above the previous day’s high.

Daily Chart Of ISDN Holdings

Robin Han is a Ph.D in Department of Chemical and Biomolecular Engineering and has got a solid foundation in the financial markets.

Please click here for more information about this author.

ISDN Hldgs  0.215 +0.005 +2.38%   
Business: Mechatronics engineering group providing solutions to its motion control and industrial computing customers. [FY18 Turnover] Motion control (78.2%), engineering solutions (19.6%), industrial computing & others (2.2%).

Insight: May-19, 1Q19 revenue dipped 0.9% reflecting modera... Read More

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