Ezra

There was a bit of volatility on STI recently, due to a minor correction in DJ. In the short term, i would feel DJ may face further sell-down. So STI may also face a bit hiccup on that. Personally, i felt that it was a consolidation state for STI. For every sell-down, i would buy in.

The immediate support i feel now is 3025. We may not see another selldown to 2980 again. At this moment, we may see STI trying to test 3050 (200DMA) again.

Buy Ezra at $1.69 on 3rd March

Trade decision conditions:

1. STI consolidation state
2. Technically, Ezra has crossed the 10DMA and 30DMA. The 10DMA line is making a u-turn.
3. Ezra has a PE of 13.8x and yield of 0.8.
4. It is very near to the 52 week low of $1.50

Stop: $1.60