Scaling another new high! Ezra hit an intra-day high of 2.52 below closing at 2.50, surpassing the previous all time high of 2.45 on 13 April 2006. Volume for the pass 2 days was more than double the average volume for the pass 50 days.
Listed on 8 August 2003, Ezra Holdings Limited owns and operates offshore support vessels to support the offshore oil and gas industry. The Group also provides marine services such as marine supplies and engineering services.
What I think about this oil related stock:
- Support at 1.85
- MACD has crosses the signal line.
- MACD also shows bullish divergence at suport level.
- The multiple moving averages will likely post some immediate resistance.
- Resistance level at 2.15, follows by 2.30.
Oil related stocks are likely to see continuous interest. KS Energy has been a laggard despite its strong order book earning potential.
As of today closed, these stocks below exhibit the following technical characteristic:
MACD crosses the signal line and crosses the zero center line - Bullish implication.
- AusGroup
- China Paper
- OSIM
- STX PO
- Sunshine