I'm Brandon, a senior stockbroker at a local securities firm and also a professional trainer with Singapore Exchange (SGX) Academy. Holder of Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) with over 10 years experience in the financial industry.

This blog aims to share how private traders can forecast price and trade in line with the market and smart money by applying Wyckoff principles and simple technical analysis techniques.

Wednesday, 16 December 2015

Top Volume Stock Analysis (SG Market) - Ezion

Ezion (5ME)
 
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.
 
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