Thursday, December 31, 2015

Ezion: Heading towards next psychological support again, price 0.61

Can the 0.60 hold ?

Sent: Wednesday, December 30, 2015 1:55 PM
Subject: ****************** Ezion: Possible reversal back towards 0.60 on new recent low... price 0.62
Ezion has managed to trade above the 0.625 support for a short while last week before falling oil prices started to affect oil and gas counters again. With it breaking below the 0.62 – 0.625 support now, we can expect a trade back to 0.60 first which also coincides with the 20 day MA line. As longer term trend is still down for now, we can still see more weakness back to 0.55 on a breakdown below 0.60  again, so cautious long position.

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