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ISOTeam Exhibits Bullish Signals, To Continue Uptrend
Trend Spotting | 14 January 2014
Related stocks:
5WF
By: Robin Han
Articles (102) Profile

ISOTeam is a relatively new stock that had its initial public offering in mid-2013. It suffered a sell down in September 2013, with support at $0.30 – the low of its debut trading day. Thereafter, the counter stabilised and trended up.

Since mid-October, it has formed a short-term uptrend that exhibited a higher-high and higher-low pattern. Also, both the MACD histogram and Moving Averages are indicating bullish signals. In early-December, when the Straits Times Index suffered a sell down of around 100 points, ISOTeam managed to hold well which was a further sign of strength.

From the fundamental perspective, both revenue and net income have increased stably on a yearly basis indicating that it is a growth stock and risk of trading is relatively low. One may consider buying on weakness during the recent pull back and expect it to resume uptrend after consolidation.

Daily Chart Of ISOTeam

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.

ISOTeam  0.230 +0.005 +2.22%   
Business: Engaged in the building maintenance & estate upgrading industry. [FY18 Turnover] Addition & alteration works (43.2%), Repairs & redecoration works (23.6%), others (21.4%), coating & painting (11.8%).

Insight: May-19, 9M19 revenue rose 62.8% with significantly... Read More


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