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Sent: Tuesday, April 14, 2015 9:26 AM
Subject: ********************** Ezion: Temp consolidation expected, Breakout above 1.20 further can see more upside, price 1.175
Subject: ********************** Ezion: Temp consolidation expected, Breakout above 1.20 further can see more upside, price 1.175
From yesterday’s morning call when it broke the 1.10 resistance level, we have seen it traded to a high of 1.19 today. Given the huge surge over the past 2 days, we may see it consolidate awhile with a new temp support at the 1.15 – 1.16 level before more upside. As long as 1.15 is a support, there can still be more room to go above the 1.20 resistance level which was our second target. Breaking above 1.20 can open the way for it to go higher to 1.30 then 1.36, look at the gap it can fill. MACD turning positive on today’s price action and RSI still looking strong. J Congrats to those who entered yesterday morning. Raise stop loss to 1.145 to protect profits, for those who already existed can time entry above new support again.
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