On Monday, Ezra re-test the resistance at $1.12 and closed at $1.095 with LOW volume of 3.73 million shares traded.
Both RSI & MACD are bullish though RSI already in overbought region.
Important Resistance of Ezra: $1.12
Immediate Support of Ezra: $1.085
Currently prices are supported by 100/200 days MA at $1.085
On 7/Dec, prices re-test the resistance at $1.12 with high buying pressure but failed. Bulls tried another round today but failed again due to low buying pressure. This is a bearish signal.
The resistance at $1.12 is expected to be strong.
We would not suggest to buy now on the overbought region especially when the resistance at $1.12 is strong. Sell would be a better option.
DBS Group Holdings Ltd. (D05.SG) will pay S$1.035 billion (US$848 million) for a stake in Marina Bay Financial Center, …