Massive reversal in ISDN?
$ISDN(I07.SI) in the business of helping factories become smarter and more automated. They supply things like motion-control systems, robotics and engineering solutions to manufacturers across Asia, especially in China and Southeast Asia. In simple terms, they help companies upgrade their production lines so things run faster, smoother and with less manual work. They also have a small side business in renewable energy, mainly hydropower in Indonesia.
Technical views:
- The chart shows an inverted head and shoulders, signalling that the long downtrend may have bottomed out.
- After the breakout, price pushed into a higher high, which is the first sign of a potential trend reversal.
- Current pullback is heading toward the previous breakout zone, which now acts as support around the 0.37–0.39 area.
- As long as price holds above this support, the structure still leans bullish — pullbacks into support can offer reversal-type trade setups, especially if buyers defend this zone.
- If price forms a higher low from here, it strengthens the case for a new uptrend rather than a one-off rally.
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