The following is my personal Technical Analysis for Ezra Holdings Limited listed in Singapore Stock Exchange. I will not be reliable for paying any loss incurred for believing what I said. Of course I will be happy if you could make money because of this ezra technical analysis.
This Ezra Technical Analysis chart is taken on 8th July 2011 after market close using shareinvestor station software. Click on the image for clearer chart.
Trend : May see consolidate soon before moving up again.
Refer to previous post about ezra, I said Ezra wa almost at the bottom of the range, should see reversal soon. However, it broke down from the bottom of the range. And went down all the way until $1.3. This is because of the oil price has been dropping quite a lot during that days, so investors worried about this may affect Ezra’s future business. However, as soon as it reaches that level it bounces back in a very short time frame. This shows that it has a very strong force of pushing it up. If not because of the oil price dropping, Ezra should have already see the reversal. However after soaring for these few days, the RSI is moving near the over bought region. So it may see a consolidation before it break the first resistance at 1.62 then further moving up to the top of the range, which is at $1.8.
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