On Wednesday, Ezra broke the resistance at $1.085 and closed at $1.105 with HIGH volume of 11.72 million shares traded.

Both RSI & MACD are bearish as RSI trend downwards

Important Resistance of Ezra: $1.12

Immediate Support of Ezra: $1.085

Currently prices are supported by 100/200 days MA at $1.085

Since 2/Oct, prices have been trending downwards forming a lower low and lower high. This is a bearish signal.

The resistance at $1.12 is expected to be strong.

Due to the bearishness of the Ezra, we would advise only to enter on the breakout of $1.12 with high volume if interested. This could indicate the sign of reversal.

Important News

Singapore Technologies Engineering Ltd. (S63.SG) 3Q net profit rose 9% to S$146.4 million compared with S$133.8 million as most businesses logged revenue growth apart from its marine operations.

Overseas ...