Analysts from various broking houses( see chart below) all upgraded Ezion price targets to minimum of $1.70 all the way to $2.20 , far above the current price of $1.495( Monday's close)
I am too lazy to plot a single one of them , but i guess all the technical indicators would be indicating a strong buy ..RSI, ADX, MACD, stochastics , moving average cross overs, moving average slope increase , single mom & double pop indicators of all varieties , watever.
Thus we have the perfect esctasy moment for this stock, fundamentally and technically.
At this time & price , I guess the public sentiment is so maximally bullish over Ezion that one could not pry the shares from the tight grip of public hands even when they are taking a 100m banjee jump over the fiscal cliff with crocs hungrily waiting at the river below to snap off any heads within transient reach ( click here for banjee croc youtube video ) ..
But to me, all these suggests short-term profit taking coming soon , maybe at 1.54 -1.58 .. so let's watch ..
Of course, I could be totally wrong in the face of all these rosy target price upgrades way above the recent pre-Deepavali Monday's closing price of $1.495 ( ie $1.70- $2.20) from broking houses whom I assumed had special briefings by Ezion management over her super rosy future ...so who am I the total outsider to suggest otherwise or rain on their parade ?
So disclaimer applies ..Course preview coming this friday 16 Nov 2012 , 1930 hrs at Traders Round Table - lots of trading secrets to be shared at preview , for training click here ( click here to see last post for more details of place and time )
below are recent target price upgrades from various broking houses ( source - Dow Jones News )
07 Nov 2012 14:30
*DJ Ezion Holdings Target Raised To S$1.82 From S$1.72 By DBS Vickers
07 Nov 2012 10:46
*DJ Ezion Holdings Target Raised To S$2.00 From S$1.87 By UOB KayHian 07 Nov 2012 09:28
*DJ Ezion Holdings Fair Value Raised To S$1.70 From S$1.53 By OCBC
07 Nov 2012 09:25
*DJ Ezion Holdings Target Raised To S$1.85 From S$1.66 By Maybank-Kim Eng 06 Nov 2012 15:36
DJ MARKET TALK: OSK-DMG Raises Ezion Target To S$2.20 Vs S$2.02
06 Nov 2012 15:18
*DJ Ezion Target Raised To S$2.20 From S$2.02 By OSK-DMG
06 Nov 2012 14:45
DJ MARKET TALK: Ezion Remains Halted; JV Lands US$298 Million Job
Below is my 19 sept prediction of a temporary peak at 3109, & incidentally of an Obama victory as well though I did not forsee the fiscal cliff coming to screw things up as I thought the tea party would be voted out of the elections leading to auto-resolution of the fiscal cliff