Wednesday, March 16, 2022

ISDN (SGX: I07) Bearish Price Action - H&S Formed With 50-MA broken)

ISDN form head and shoulder pattern last November. The stock continued to trade weaker thereon and broke below its 50 day-MA in Feb 2022. ISDN price is on a downtrend since.

The stock last traded at 0.575
Immediate Resistance: 0.615
Second Resistance: 0.715
Cut Loss: Above 0.74
Target 1: 0.535
Target 2: 0.45

Target 3: 0.385

All posts and charts are for educational and illustration purposes only

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