Bullish Momentum Continues
Last Done: S$0.605
Ezion breakout of its 20 days Moving Average with strong volume. This signals strong buying especially with both ROC(13) and MACD turning positive.
Its recent announcement to diversify its business outside Oil & Gas into the offshore wind power installation industry in China looks well received. Thus, Ezion looks likely to trade towards its first resistance at S$0.635 and then S$0.70 if S$0.635 is broke up with strong volume.