Tuesday, July 19, 2016

Ezra: Indeed a Breakdown below 0.060 further.... price 0.055

A note sent before the breakdown of 0.060 yesterday…

Then it happened today and a further push lower to 0.054…

Will the next support at 0.050  hold next?

If not where to???

Heading towards All time multiyear lows again…

Would expect some short covering near 0.050 now… J


Recent Emails:

Sent: Monday, July 18, 2016 12:04 PM
Subject: ********** Ezra: Potential Breakdown below 0.060 further.... price 0.061
Ezra has broke below the previous low set last month at 0.063 today. Has traded to the psychological 0.060 fast and now an attempt to break below. Note that any clearing below 0.059 -0.060 can see more weakness towards the all time at 0.048 – 0.050 with sellers wrestling back control. Cautious long. Short positions can be used to ride downside. As long as 0.064 – 0.065 is a resistance now, we are short term bearish.

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