|| Last Market Volume:
|| 52 Week Range:
||$0.82 - $1.36
Key hurdles conquered. Ezra Holdings is likely to see
more upside ahead after rebounding off its lower channel
boundary support recently; this was followed by a strong
bullish break above its 2-month downtrend resistance and
$1.14 key resistance on heavy volume yesterday.
Indicator is bullish.
The MACD has just initiated a sharp
bullish crossover; this suggests that the upside momentum
is building up.
Next resistance at $1.24. The counter could head higher
towards the next key obstacle at around $1.24 (key peaks)
in the weeks ahead.
Immediate support at $1.14. Meanwhile, we advocate a
stop-loss exit at around $1.08, which is slightly below the
newly established resistance-turned-support level at $1.14.
Source : OCBC Research