Ezion (technical)

Ezion: OCBC notes a key resistance has been broken, says Ezion could see further recovery after rebounding off its upper channel boundary recently; this was followed by a strong bullish break above the $1.36 obstacle on heavy volume yday. Sees MACD is on the brink of a bullish crossover now; this suggests that the upside momentum is building up again. Eyes a test of the next key psychological resistance at $1.60 in the weeks ahead. Tips immediate support at $1.36, and a stop-loss exit around $1.33. OCBC currently has a fundamental Buy rating on Ezion with TP $1.53.