Monday, December 14, 2015

Ezion: Heading towards our target at 0.53?

Seeing some selling today again together with the rest of the Oil and Gas peers….. now at 0.555…..

Sent: Thursday, December 03, 2015 9:22 AM
Subject: *********** Ezion: Still negative below 0.600 now, CFD SELL, cautious long.... price 0.575
From previous call, Ezion has pulled further away from the 0.600 support turned resisatnce after failing to cross back above it. More downside towards 0.53 – 0.535 level which was the low in August. All 3 moving averages pointing lower with downtrend intact. MACD trending lower too with downwards momentum increasing. As long as 0.600 is a resistance now, we are short term bearish with more weakness certain before some consolidation again.

Sent: Friday, November 27, 2015 9:04 AM
Subject: *********** Ezion: Breaking below 0.600 psychological support again, cautious long.... price 0.59
From previous call last Friday, we have indeed seen a breakdown of the 0.600 psychological support today on strong volume. As mentioned, this can open the way to more weakness towards the 0.54 support level next. As long as 0.600 is a new resistance now, a short term bearish counter to ride any downside. Cautious long, CFD SELL…. we can expect more selling pressure ahead with MACD also crossing below to negative territory over the past few days and selling momentum increasing on this breakdown.

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