I do mainly technical analysis on SGX and KLSE and very little on HKSE.
Monday, September 27, 2010
SGX: Ezions Holdings (Morning Star formed with Utmost Volume)
From the view of technical analysis, morning star has successfully formed on today with the
higher open with a white candle stick. Furthermore, the stock records the highest volume after 9
months. Then, we can see it jump climbed above the 200 MA line and just rebounds from the up
trend line. At the same time, it just broke above the recent resistance, 0.705. It closed at 0.71
today which is the key resistance. Any break above of this resistance would be a good
significance. Then, the next resistance would be 0.74
Next, from fundamental view, please refer this. 70m contract earned, and eyes on 50+% earning growth.
http://theedgesingapore.com/component/content/20860.html?task=view
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