Tuesday, September 15, 2015

Ezion: Support failed to hold as mentioned.... More downside?

Now at 0.645, Can it touch our target at 0.60?

Sent: Monday, 14 September, 2015 9:49 AM
Subject: ******** Ezion: Testing support again at 0.665..... Cautious long, more weakness likely below...
Temp support at 0.66 – 0.665 for now. Following up from last week sell call, note that there can still be more weakness if this support levels clear out as well with target to 0.60 first. Clearing of buyers at 0.66 would serve as a further confirmation of more weakness...

Sent: Tuesday, 8 September, 2015 12:02 PM
Subject: ******** Ezion: Breaking below temp 0.67 support can see it resume its down ticks.... price 0.67
Ezion has consolidated above the 0.67 – 0.675 for about 2 weeks and today we are see it break below on above average volume. Moving below now can see more weakness as sellers emerged again to take it back to 0.60 then 0.54. 20 day MA line still sloping downwards with dominant trend still down. Cautious long positions. CFD SELL positions can be used to ride any downside on clearing of 0.66 buyers as a further confirmation….

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