Apr 29, 2010

I loaded 10 lots of EZRA @2.05 as a gamble today

Strictly for contra play based on simple common sense logic:
  • Greece saga seems to be subsiding; european markets looked promising when they open late afternoon today.
  • Influence from DJIA on the Singapore markets tomorrow as I expect it to open +ve and close +ve too
  • 4 black candlesticks; the most I give it at most to form another black candlestick making it 5 in a row.
  • Previously, I posted on a rounding top and it hit resistance at 2.22 before sliding down to nearly $2 today, hence I expect a technical rebound to 2.10 at least in the form of a white candlestick tomorrow or monday.
  • EZRA isnt some chee chong fun company as my colleague puts it.
If shit happens, instructions to broker is to cut loss at $1.99.

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