Wednesday, July 22, 2015

Ezra: is the 0.150 support holding too ?

Seems like more weakness as mentioned in yesterday’s call with it breaking the 0.154 – 0.155 support…. Now at 0.148, OOOOoooops

Sent: Tuesday, July 21, 2015 10:16 AM
Subject: ****** Ezra - Back to crucial 0.154 -0.155 support, more weakness likely below, cautious long , CFD SELL
Over the past 3 weeks, Ezra has been gradually trading lower with slight rebound and then more sell down again. Today we have seen it near the 0.154 – 0.155 support level that has been holding for more than 3 weeks since ex rights date. All 3 moving averages still pointing lower and no reversal in sight as yet. Note that breaking below this support can see it trade to 0.150 when we may expect some support. More downside to 0.140 then 0.120 if even the 0.150 don hold, CFD SELL to ride the weakness further below this. Cautious long position below key support.

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