Thursday, April 18, 2013

Short Term Trading (Sell) Short: Ezra. Share price 0.99. (CFD Short trade)

Ezra has broken below the critical and psychological 1.00 support. Rebounded from this 1.00 support level in Nov last year and went to a high of above 1.30. Failed to hold this time. Top 30 Volume seen on sell down of support. Next support will be at 0.95 level. Possible target at this level. A break below the 0.95 support can see it go lower to 0.900 support. As long as 1.00 remains as resistance level, short term downside likely.
Put a Buy stop at 1.01. 
 

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