Excuse my ignorance but please explain what "overbought on MACD" means.My knowledge of technical analysis is limited, but fundamentally, EZE appear to me to be a strong buy.
EZE now has a growing, soon to be profitable business with the EZE system offering the only "free to guest" late release feature movies to hotels, motels and mining camps.
The EZE share price fell in July/August 2002 with the fallout in the US, and stayed down due to a large parcel of stock being for sale at 7c.This parcel related to a divorce settlement.This parcel was bought off-market by new directors, Martinick and O'Loughlin in mid-Jan.03', who also took the placement at 5c.
EZE fundamentally appears to be very,very cheap so please elaborate on the "overbought on MACD" issue.
Also note how EZE had a sustained increase in its share price on volume exactly one year ago.
Your feedback is most appreciated.
EZE Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
