Now at 1.09, can the 1.10 resistance get out of the way too ?
Sent: Thursday, June 18, 2015 9:20 AM
Subject: ******* Ezion: temp resistance breakout above 1.05 may be a short term good for rebound, price 1.055
Subject: ******* Ezion: temp resistance breakout above 1.05 may be a short term good for rebound, price 1.055
Following up from previous potential breakdown call, we have indeed seen Ezion broke below the 1.10 support and headed to touched the 1.00 psychological support level. Have consolidated from 1.00 to 1.05 for more than a week and finally today we have seen some actions as it breaks above the 1.05 temp resistance. This can open the way to a rebound back to 1.10 then 1.18 which were originally the support level. Technical indicators like MACD and Stochastic seems to have bottom out and on the verge of reversing bullishly. More confirmation only if Ezion can stay above the 1.05 new support level now, stop loss can be at 1.035 for any long positions.
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