From Last Friday Morning call, a breakdown seen soon after call issued to a low of 0.154. Where to now? Will it hit our 0.150 target eventually?
Sent: Friday, July 03, 2015 9:40 AM
Subject: ****** Ezra - Breakdown below 0.160 can see more selling pressure to new low, price 0.161
Subject: ****** Ezra - Breakdown below 0.160 can see more selling pressure to new low, price 0.161
Following up from previous sell call for Ezra, we have seen it tanked further due to its ex rights date last Friday. Today we have seen the rights started trading. Note that for the mother share, downtrend remains intact, with range being from 0.160 to 0.175 after the ex right date for the past week. Today we have again seen some selling pressure as rights started trading with Ezra back to it 0.160 support. Any breakdown can lead to more downside to a new low to 0.150 of 0.140. Cautious any long position and CFD SELL can be used to ride the downside further below 0.160.
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