Tuesday, December 13, 2016

Ezra - Big Hands Volume

I don't usually trade heavy counters like Ezra or Ezion because they are thick and requires some very positive news to drive the stock upwards and hence it slow and more on the waiting side. However, yesterday, Ezra started to breakout after some serious of big hands volume transactions took place. Oil prices had been on the rise and many oil related counters started running except Ezra which only just started yesterday. It has met it's short term supply area and I need to see how much sellers are coming out now. Monitor it closely.

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Update: 13/12/2016, 9:13am

Sellers are emerging in Ezra! Be alert. It seemed like heavy lot sell down.

Ronald K - Market Psychologist - A Stock Market Opportunist