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Ezra ? Trading At Significant Resistance Levels
By ChartNexus
Ezra continues on its uptrend as the 20-day moving average (MA) continues to support the climb. Now it is back again at a critical resistance level and for this uptrend to continue, this level has to be breached convincingly. ...recent high: $1.385...
From the bigger weekly timeframe, it is clear that Ezra is now trading towards a key horizontal resistance which has not been broken since 2011. And in addition, from the weekly perspective, there is the 200-day MA which may exert additional resistance. Therefore, should Ezra be able to breakout convincingly from this level, there will be a high chance of Ezra continuing on the uptrend. Last but not least, high volume accompanying the breakout is the key to success.
Looks like BBs trying to distibute. Time to short. History will repeat itself!
Looks really promising:
| Day High: | 1.360 | Net Change: | 0.010 | Total Value: | 4,841,900 |
| Day Low: | 1.330 | Last Done: | 1.350 | Volume: | 3,586,000 |
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tonylim ( Date: 20-Nov-2013 11:40) Posted:
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It is creeping up and preparing for the next push
happyharvest ( Date: 12-Nov-2013 18:51) Posted:
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U never know what will happen. Maybe BBS starting to distribute?
ezridax ( Date: 12-Nov-2013 13:40) Posted:
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true, trade volume is quite low
happyharvest ( Date: 11-Nov-2013 21:28) Posted:
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At this point, it is interesting to watch if Ezra BBs want to push it further or if there is really further buying interest.
If it does goes back to level 0.80, I would be more glad to place a buy. Have missed the boat when it was at 0.85 and failed to buy it, thereafter surging to 1.30+ level. Did made quite a bit of profits during the euro crisis together with special dividends of Triyards.
The management seems like a bunch of cowboys going around buying companies like AMC which is high cost with bunch of Norwegians. I don't believe it deserves to stay at this level and very soon it might get back to where it was i.e., 0.80.
Yes I saw it cheong to $1.30 then dip all the way to 0.80, then up all the way again, very interesting! Now waiting for the wall to break!
ezridax ( Date: 06-Nov-2013 14:32) Posted:
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Ezra is at an interesting price level. Will it go up further or a correction is coming? interesting to watch.
Look at what Ezra was worth before they got into this messy subsea business. Share price plunged by more than half to 0.80. If the subsea business becomes an asset instead of a liability, think of what the company would be worth. It is still early days but another year of good results might propel Ezra even higher. All hinges on project execution.
tonylim ( Date: 06-Nov-2013 10:19) Posted:
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Ezra Holdings (EZRA SP, 5DN) ?
Could be making new 52-week highs?S
ource: NextviewEzra Holdings (EZRA) Last price: S$1.335
Technically, as long as the stock could be well supported above S$1.26, watch to see if EZRA could break above S$1.35 to test S$1.52.
On 30 Oct 13, EZRA announced its Subsea Services (EMAS AMC) and Offshore Support Services (EMAS Marine) divisions have been awarded projects worth US$110m in the Gulf of Mexico and the Asia-Pacific region. In our institutional research report dated 5 Aug 13, we maintain HOLD and raise our target price from S$1.07 to S$1.25 as our 2014F P/B yardstick is increased from 0.75x to 1.0x. We estimate the long term (since 2004) 1-year forward P/B mean of the offshore/subsea contractors is 1.7x. An uncertain earnings outlook keeps EZRA's valuations at well below the sector?s long-term P/B mean valuation.
SINGAPORE: Ezra Holdings has secured US$110 million worth of new projects in subsea construction and offshore support services.
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Ezra Holdings is a leading integrated offshore support solutions provider for the oil and gas industry, with strong expertise in the mid/deepwater market. |
TP ranges from 1.34 to 1.56 for brokerage houses which are poistive on EZRA's growth and potential.
For sceptics it is below 90 cents and to sell.
Who do you believe.
Make your own judgement - you are just as good.
I beleive it will scale to greater height just like EZION
williamyeo ( Date: 06-Nov-2013 10:04) Posted:
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New target of M & A?
Looks set to move to new levels.
happyharvest senoir - are you vested?
happyharvest ( Date: 01-Nov-2013 00:10) Posted:
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Previously 2 shooting stars and now a hanging man. If tomorrow US report not good, I guess it would be dropping next week.
Agree..good comments.
Yes one good quarter is just only a beginning. It shows the execution of its off-shore subseas projects is maturing and moving in the right direction.
WanSiTong ( Date: 31-Oct-2013 09:29) Posted:
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This counter has been climbing from 0.83 since August. The price shoot up so high could be partly due to the warrants (due date : 1 Nov, exercise price : 1.20)!
After that do not know whether the price can be sustained !?
Another problem is low margin!
ezridax ( Date: 31-Oct-2013 09:27) Posted:
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