Wednesday, May 6, 2009

Recommend going long Ezra

Ezra has closed above its 200 day moving average for 2 days confirming that it is shifting gears to become more bullish.

Stochastics has also dipped and is giving a cross over signal to go long. This also coincides with yesterday’s (5May09) close being above the past 12 days of trading, which is a bullish sign.

We recommend a stop at $0.90. There is some resistance at S$1.09 although Ezra should not retrace back to S$0.90 if it is truly bullish.

Profit targets are over head resistance levels at S$1.40 and S$1.58.

Sponsored Links

Related Posts by Categories



No comments: