Thursday, 22 November 2012

Singapore Stock Tip: Ezion going up after consolidating?

Dear Friends,

I did said that $1.5 for Ezion is a resistance, but we still need to pay attention to this stock as it is a strong earnings stock. From our ART system, it shows signs that accumulation might be taking place and chances are that this stock may have further upside.

This is my article a few weeks back when I talked about the stock...

It hits our target of $1.5 where we exited.

Today it closes at $1.41, a discount of $0.09 already. There might be some opportunity ahead...

Target price: $1.60, Stop loss: $1.30. If touch $1.5, put stop loss at breakeven.


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