Good Morning Everyone,
It’s been a long time since I’ve last posted due to my hectic work arrangements.
We had a great turn out for our Christmas Special Event yesterday evening. I made a promise to one of the participants to post my views on Ezra.
As I’ve explained to the participant, I wouldn’t know how US market is gonna end today although there is a good chance that it is going to end positive tonight. Hence strictly on Ezra’s daily chart:
Upside:
- Upside TSC (UB 2.2, LB 2.1)
- Upside croc maiden crossing W%
- Closed above Diff S/L and Diff R/L
- Change in ROC
- Closed above 2 V3Go BC
- Closed above TAOS R/L 2.06 and 2.09
- Closed at DH and above PDH
Downside:
- W% at extreme
Analysis:
- Very strong buying pressure on Ezra
- However, there is a good chance of profit taking on Ezra should it gap up tomorrow
- Hence, I wouldn’t be too bullish on this counter especially since the exceptionally high volume suggest a high probability that a lot of retail crowd has entered to buy today and are waiting to lock position tmr.
- If Ezra gapped down, good chance it will rally to test TAOS R/L at 2.12 first to attract buyers to enter the position before selling will come in.
- If Ezra gapped up, very good chance it may profit taking to test PDH (Previous Day High)
Trading Plan:
- Watch Ezra if it managed to stay above 2.10 (LB) and above OP
- Should Ezra failed to stay above 2.1, it may sell down to test the support at 2.06
CK
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