ISDN
Long

Fundamentals and Weekly Technical align.

143
ISDN just released its full year, though numbers are disappointing, the company mentioned that they had been re-investing heavily during down time to capture market share. With yuan bottoming, semicon seeing a pick up in 2H 2024, and Chinese advanced manufacturing boom for the foreseeable future, I expect a stella FY 2024 from low base of FY 2023.

Technical wise, there is 3 supports that forms a good bullish divergence on MACD. Breaking the downward sloping resistance may see the price rebound to $0.415 before more upside.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.