Ezra technical analysis - part 2

As expected, it either continue to go up or test the symmetrical triangle upper resistance first. As long as it does not close below the triangle, the bounce is intact.

Related post: 

Ezra technical analysis

Ezra technical analysis

1) There is breakout of symmetrical triangle.
2) There is a possible imperfect iH&S.
3) Measured move is at the 1st target area.
4) If it is going to close the gap, could hold for 2nd target.

N.B: This is purely technical and there is nothing fundamental good about Ezra at the moment. It is halted at this moment pending some announcement. Trade at your own risk appetite.

There are many possibilities why this counter is halted. Below analysis quite thorough. I got it from http://www.sharejunction.com/:

Fastbucks123      ( Date: 10-Jun-2016 14:01) Posted: 

Let me re post for the benefit of those who didn't read:  Possibilities:  1. Rights issue: unlikely cos Lee family already broke after subscribing last rights at 0.105. Their vehicle, jit sun, exited loyz energy.  2. Contract: not likely. Normally they announced after their results announcements. The most is halt one day  3. New shares: Maybe. And if so, some one reputable must be some reputable kid on the block or its existing partner Chiyoda.  4. Takeover: possible. As nav is grossly higher than the current share price. Overall macro industry is improving and good time to offer. Lots of intrinsic value.  A. Takeover party: chiyoda- highly possible. Had been very quiet ever since their last done deal  B. Takeover party: Lee family privatization?- unlikely. They are broke  C. Takeover party: some big names. Maybe  5. Share consolidation: unlikely- why now when they have a good two months to pump the price and market is conducive and not difficult to do so. Also if consolidation, why would share price moved up? The last consolidation MTP Requirment sent the price down to 0.048 (the lowest) if everyone remembers.  6. Merger with triyards, emas....: unlikely cos they are not halted.  My conclusion and speculation: it will be a good news cos the news got leaked out and someone bought and bought till exchange forced company to halt it.  pS I appear to talk rubbish in other counter forum. But I can be dead serious and talk sense from my 20 years of trading. Good luck all. I am deeply vested in this. Good luck to me too.