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 |
8 comments:
Hi bill,
I think the operator will release bad news once they have suck all the public in.
Regards
Terence
What price will ezion fall to?
Hi Bill,
This is unrelated but just want to ask what you think of Noble, now that it's fallen so much. Would appreciate your advice. Thanks a lot. :)
Hi Bill, great call on ezion. Are you looking at any stocks to enter?
Thanks
Hi Bill,
You are great to have predicted STI heading toward 2,890. Do you have in mind any rebound from here or before?
Thank
Bill, you have my utmost respect. You're the real guru who posted on foresight, not hindsight ... I learnt from you. You posted 14 November, today KOYAK ... from chartreader88.blogspot.sg
Hi Bill,
What do you think of Noble these days? The price is hovering around 1.08 - 1.10 seemingly.
What do you think of the director selling of those shares? Could it be a sign or anything?
Thanks.
i think Noble going nowhere since the company announced it is looking for a share placement of 225m shares for $1.10-12 with vice chairman Singh Banga willing to sell 60%of his stake at that price.. so why would you be buying anything near or above this price ... might as well buy direct from the placement..
of course this whole placement announcement could be a ruse to get you to sell at this low price in which case I would not wanna touch this stock either since they can introduce a ruse at their whim and fancy anytime they want.
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