Ezion: Breakdown of 1.10 support seen after morning call issued at 1.12

Will it test the 1.05 support next ? now at 1.09

Sent: Wednesday, May 20, 2015 9:10 AM
Subject: ******************** Potential Downside: Ezion: Breaking 1.10 support can see more weakness back down, price 1.12

Following up from previous call, we have indeed seen Ezion broke the 1.16 support level over the past few days and now near to the 1.10 – 1.11 support level. May find a temp support from here after the sell down seen. However, note that at further breakdown below 1.10 can pave the way lower to 1.05 then 1.00 critical support. 20 day MA line in the midst of reversing downwards on past few days’ price action with technical indicators like MACD sloping down too. Cautious long position. CFD SELL to ride any downside further on clearing of 1.095 – 1.10 buyers. Range would be from 1.10 to 1.16 for now.