EZION STOCK: MULTI-BAGGER OR MULTI-BEGGAR PRICE NEXT?


EZION STOCK, EZION STOCK PRICE, BUY EZION STOCK, SELL EZION STOCK,
Dear readers, following my previous post on Ezion stock (you can read the post here ), there was an interesting development for the stock yesterday. Ezion stock went to the lowest intra-day price of $0.10 yesterday ever since trading resumption (after opening yesterday’s trading session at $0.105), reached an intra-day high price of $0.123 before closing the trading day at $0.12.
What was of interest to me are as follows:

1) $0.10 was the lowest target price set by an analyst for Ezion stock (after trading resumption) and it seems that investors interested or vested in the stock may now take this price as the technical support for Ezion stock.

2) For investors who managed to purchase Ezion stock yesterday at $0.101 and sold near the stock’s closing price or intra-day high price yesterday, an intra-day capital gain of more than 20% was easily achieved (but this was always from hindsight or retrospect of course)

3) On the other side of the coin, investors who bought on the first day of Ezion stock resumption at anything close to $0.20 to the intra-day high of $0.255 had now an unrealized non-profit of 40% to 50%

Indeed, looking at Ezion’s price movement currently, Ezion stock displays very volatile trading moment. Will Ezion stock price becomes a multi-bagger next if its stock price manages to reach the price range of the first day after trading resumption? Or will Ezion stock price become a multi-beggar next if the stock price continues to head south?

It depends on your perspectives, I believe. For value investors, Price is what you Pay, Value is what you Get. And I believe they may take reference from the fact Temasek-linked Pavilion Capital Fund has invested in Ezion at $0.208 per share.

Whereas for Technical analysts, I believe that now they have a reference to a technical support of $0.10 for Ezion stock.

I think a possible catalyst for Ezion stock price could be announcement of any strategic partnership with some companies in a positive direction for Ezion. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

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