Monday, May 6, 2013

Trading Buy: Ezion Hldg. Share price 2.12. (Uptrend in placed)

Ezion has crossed above the 2.10 psychological resistance level. Currently at 2.12. Was consolidating below it for about 2 weeks before breaking up today. At current levels, it has also broken above the 20 DAY MA (Green line) which can signal short term upside. Next target would be 2.18 then 2.20. Recent high in April was 2.23, a break above this can see it test 2.30 to find a new high. For short term, as long as 2.10 hold, we are bullish.
Stop loss at 2.08. 

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