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Learn Technical Analysis Course for Singapore Stock, Options, CFDs, Forex and Futures | TerraSeeds Market Technician Pte Ltd – Singapore

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Home arrow Useful Tools & Info arrow Charts And Analysis arrow Ezra Holdings – Flirting at resistance line with an inverted head and shoulder pattern
Ezra Holdings – Flirting at resistance line with an inverted head and shoulder pattern PDF Print E-mail
Ezra holdings
 

In our previous chart analysis, we have called for Dow Jones Index (DJI) for a top forming soon and we see a confluence of resistance around 13220 at the moment. Indeed, Dow turned down.

 

Interestingly, some stocks are not affected by market weakness and Ezra Holdings is one example.

 

Price hovers near to neckline, attempting a breakout. At the consolidation pattern near to neckline, volume decline – a healthy sign before breakout.

 

On a proprietary energy flow indicator, it shows accumulation. Breakout if price firmly crosses above $2.58. Fibonacci targets $2.96 is also the 5th wave of this move.

 

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Disclaimer:
All of the information and analysis were and should be taken as having been prepared for the purpose of general circulation and education and that none were made with regard to any specific investment objective, financial situation or the needs of any particular person who may receive the information or analysis (including yourself). Any recommendation or advice that may be expressed in or inferred from such information or analysis therefore does not take into account and may not be suitable for your investment objectives, financial situation and particular needs. You should consult a qualified financial advisor for advice.
 
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