Singpost chart as of 9 May 17

Chart alerts for ISOTeam and Singpost (9 May 17)

Two charts have caught my attention, one potentially bullish (Singpost) and the other one potentially bearish (ISOTeam). Below are my personal views.   1. ISOTeam – hanging near critical support Based on Chart 1 below, ISOTeam has been trading in an approximately 10 month range $0.370 – 0.430 since Jul 2016. Most exponential moving averages (“EMAs”) such as 20D, 50D and 100D are sliding and compressing. This compression is usually unsustainable over the long term and may signify a possible significant price movement. ADX closed at 24. Although the directional indicators (“DIs”) are positively placed, +DI is turning downwards quite […]

Compilation of contracts since 2015

Is Midas a recovery play in 2017? (3 Feb 17)

Midas has recently announced contracts after contracts. Based on Table 1 below, it is especially evident that Midas is gaining traction (particularly from 23 Jun 2016 onwards) in winning orders from clients, especially from its 32.5% stake in CRRC Nanjing Puzhen Rail Transport Co., Ltd. (“NPRT”). However, investors do not seem to share this optimism as Midas has fallen approximately 12% from $0.260 on 23 Jun 2016 to $0.230 on 3 Feb 2017. Table 1: Ernest’s compilation of contracts announced since 2015 Source: SGX; Ernest’s compilation Is the market overly pessimistic on Midas? I am fortunate to meet Mr. Patrick […]