Wednesday, March 18, 2015

EZION - Breakdown Seen as predicted in morning price. A series of CFD SELL CALLS alerted to clients

Price at 0.99 now, more weakness ahead ? Did you trade the downside along with us ?

Sent: Wednesday, March 18, 2015 9:27 AM
Subject: ************************ Potential Breakdown: Ezion - Back to support at 1.00 - 1.02, more downside below 1.00.... price 1.02
Following up from previous SELL CALL 2 weeks back, Ezion has indeed traded lower to test its support at 1.00 – 1.02 level. Any breakdown below 1.00 clearly can open the way to a new phase downwards to 0.90 then 0.80 possible as it consolidates along the way. Downtrend intact at the moment as per all moving averages pointing firmly downwards. CFD SELL to ride the downside further below 1.00 now. MACD AND RSI indicator still showing signs of weakness as it trends lower with lower lows form each trading day not a good sign.
Sent: Monday, March 02, 2015 5:30 PM
Subject: ************************** Bearish Setup: Ezion - Broke immediate at 1.10, more downside to 1.00 below this.... price 1.08
Ezion has broken below the 1.10 – 1.11 horizontal support today which was holding well sine December. Not a good sign below the 1.10 new resistance now with all 3 moving averages pointing downwards with 20 DAY MA looking at a reversal downwards. Stochasic and RSI indicator trending down where downside momentum can still continue. Target to 1.00 in the short term which was also the support in December. Any breakdown below 1.00 critical psychological support can trigger more sell calls to 0.90 then 0.85. CFD SELL calls to ride the downside to 1.00 first with BUY STOP loss at 1.115.

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