Tuesday, May 19, 2015

Ezion: Breaking 1.16 support yesterday as per dowside call. Price 1.145

Headed to a low of 1.115 yesterday after potential downside call issued . A rebound seen today at 1.145, question is can it rebound back up? Let’s see. 
Be our client to be alerted live !

Sent: Monday, May 18, 2015 9:30 AM
Subject: ********************** Potential Downside: Ezion: Breaking 1.16 support can see more weakness back down, price 1.175
Ezion has broke below the 1.20 psychological support over the past few days and now back to the support at 1.16 which also coincides with the 100 day MA LINE. Note that clearing below this support level can see it trade back to 1.10 then 1.05 which were the supports seen in March. Longer term 200 day ma LINE STILL sloping downwards so trend remains weak in the long term, for short term, negative if 1.155 – 1.16 buyers get thrown out. CFD SELL can be used to ride any downside before accumulating back near next key support levels. Stochastic indicator pointing downwards with RSI also showing some weakness. Cautious long positive below 1.16. Range would now be from 1.16 to 1.20.

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