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...
http://www.danielloh.com/2012/11/singapore-stock-tip-ezion-going-up.html
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.
Regards
Daniel
