Ezra - My Stocks Investing

Ezra Holding: At Critical Support

Post author:Marubozu
Post published:January 20, 2011

Ezra Holding has been trading within a range from $1.60 to $1.85 for 8 months. There is an intermediate support at about $1.75 between these two levels. Ezra is currently testing this intermediate support (which is also a 50D MA). If this support is broken, next immediate support is at $1.65 followed by $1.60. If this pattern repeats by itself, you can make some handsome money by buying near the support and sell near the resistance.

Current Ezra PE = 13.1 (stock price = $1.71)
Rolling PE = 14.6
FY09 PE = 12.6
FY08 = 5.6
FY07 = 13

Currently Ezra is at its fair value base on current PE & rolling PE. Base on current analysis, Ezra is suitable for trading but not for investing. Note: 200D MA a long term trend line is sloping down!

However, majority of broker firms have a BUY recommendation base on Ezra future Earning potential & Forward PE.

Ezra: Down Trend Coming Soon?

Post author:Marubozu
Post published:November 15, 2010

Ezra is forming both wedge pattern and Head & Shoulders pattern. Currently Ezra is just trading at the neckline and wedge support at $1.72. Breaking below the neckline will send Ezra to minimum price target of $1.60.

Ezra is Forming A Wedge

Post author:Marubozu
Post published:October 29, 2010

Ezra is currently trading in a wedge. A potential Head and Shoulders patter is also in formation with neckline at $1.657 which is also a 61.8% Fibonacci Retracement Level, and also the wedge support. Breaking below this support may send the Ezra stock price to $1.30. $1.85 is a very tough resistance to break as this level is the 200D MA and also the wedge resistance.

In summary, two key levels to monitor in order to predict the next big movement:

$1.85 (Resistance)
$1.65 (Support)