Synear: Still on Down Trend

  • Post author:

Synear is unable to break the 200D MA resistance on two occassions and continue its down trend. Do note that 200D MA is sloping down and Synear is currently trading below 20D, 50D and 200D MA. Next immediate support is $0.208 which is at the 23.6% Fibonacci Support level.

Continue ReadingSynear: Still on Down Trend

Investing & Trading Rules and Philosophy

  • Post author:
  • Markets are constantly in a state of uncertainty and flux and money is make by discounting the obvious and betting on the unexpected. –  George Soros

 

  •  Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.  –  George Soros

 

  • The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market. – George Soros
Continue ReadingInvesting & Trading Rules and Philosophy

Ezra Holding: At Critical Support

  • Post author:

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.

Continue ReadingEzra Holding: At Critical Support