Thursday, December 24, 2015

Ezion: Rebounding above a temp resistance level as mentioned...... still good to go?

Now at 0.645.... Let’s see...

Sent: Monday, 21 December, 2015 4:10 PM
Subject: ************** Ezion: Testing key resistance.... price 0.63, if it can cross back above, may start to see some short term upside, if not still negative....
Ezion has consolidated below the support turned resistance 0.63 level for about a month and today we have seen it try to regain ground above. Price actions looks positive with some buy ups and there can be more upside if it can breakout above with a target back to 0.68 – 0.70 first. Indicators are starting to reverse upwards with MACD also showing a crossover to the upside. Confirmation if the 0.635 clears out with oil prices starting to recover from multi year lows.

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