Stocks with Momentum: Raffles Medical Group and ISDN Holdings

February 20, 2024

In today’s fast-paced stock market, understanding the subtle cues of technical analysis is key to smart investing.

In this article, we focus on Raffles Medical Group Ltd (SGX: BSL), whose price action suggests that the stock is likely to be bottoming, and ISDN Holdings Ltd (SGX: I07), which has shown strong positive price action.

Here is a look at some of the key highlights of the technical report.

Raffles Medical Group Ltd

  • Market Position: Technical Buy at last price of $1.05.
  • Entry Prices: $1.05, $1.00, $0.98 with supports at $1.00 and $0.95.
  • Stop Loss: $0.96, with resistance at $1.10 and $1.21.
  • Target Prices: $1.16, $1.22, $1.26, $1.35.
  • Overview: Raffles Medical Group operates medical clinics, imaging centers, and medical laboratories that provide general and specialized medical, medical evacuation, medical advisory, and dental treatment services.

For more detailed analysis, click on link to access to report.

ISDN Holdings Ltd

  • Market Position: Technical Buy at last price of $0.35.
  • Entry Prices: $0.35, $0.32, $0.31 with supports at $0.32 and $0.30.
  • Stop Loss: $0.30, with resistance at $0.37 and $0.415.
  • Target Prices: $0.38 $0.40, $0.41, $0.45.
  • Overview: ISDN Holdings designs, produces, and sells motion control, industrial computing, and other related engineering services.

For more detailed analysis, click on link to access to report.

Take advantage of the stock momentum

Our goal is simple: to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re a seasoned investor or just starting out, our analysis is designed to help you navigate the market with confidence.

Disclaimer in the report attached.

Chua Wei Ren, CMT

With over 12 years’ experience, Wei Ren is a market strategist who specialises in Technical Analysis and Macro Economics. Leveraging core price action trading strategy with classical technical analysis to spot market movements for entries and exits, he believes that historical data plays a pertinent role in how market prices would impact future trades. Wei Ren also writes for CGSi Trendspotter, a daily market outlook report that aims to identify trading ideas in Singapore, as well as China and Hong Kong’s equity markets. A seasoned presenter, he has been hosting live webinars since the start of his career as a market strategist and has been featured on various mainstream media platforms including The Business Times ‘Chart Point’ and Capital 95.8.

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