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Bullish breakouts not to be missed
 
Singapore

Ezra
 

Ezra had formed an interesting chart formation called a bullish ascending triangle. After consolidating for two months, Ezra is poised for a potential bullish breakout. The MACD trend indicator had a bullish crossover above its signal line and the RSI oscillator had started to inch above the 50% level which suggests that upside momentum is building up.  Be on the lookout for its immediate resistance at $2.11 and a break above it with high volume shall open up scope to target $2.33 next. Beyond $2.33 may see a further push to test the next stronger resistance at $2.55. Immediate support will be at $1.99 and a violation below it may negate the bullish tone and see a slide to test the next stronger support at $1.85.

 
 
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