Thursday, March 26, 2015

Ezion: Breakout above 1.06 temp resistance can be a positive, 1.10 critical next, price 1.07

Now at 1.09 ! can it cross above 1.10 like we mentioned yesterday ?

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Sent: Wednesday, March 25, 2015 12:36 PM
Subject: ************************ Ezion: Breakout above 1.06 temp resistance can be a positive, 1.10 critical next, price 1.07
Ezion has cleared above the 1.06 two weeks resistance level today on top 20 volume, seems likely to head toward 1.10 psychological resistance. Most oil and gas plays see strength today on oil prices rebounding. Breaking above 1.10 eventually can see an end to the short term downside and see it regain some ground back to 1.20 to 1.25. Stochastic indicators showing signs of rebound especially with today’s price action. Can consider averaging up further on the clearing above 1.10 – 1.105 to ride the rebound phase.

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