Tuesday, June 2, 2015

Ezra - Pulling further away from 0.400 support turned resistance

Can it touched our next target at 0.300? What a sell down seen below 0.400 as mentioned last Thursday.

Sent: Thursday, May 28, 2015 11:59 AM
Subject: ******* Ezra - Breakdown below 0.400 critical Support not a good sign ! price 0.395
Ezra has consolidated above the 0.400 critical support level for about 3 months and today we are seeing a breakdown below this support. Any selling down from 0.385 - 0.39 can serve as a confirmation of a short term bearish setup. As long as 0.400 is a support turned resistance now, we are short term negative and CFD SELL can be used to ride any downside. Note that Ezra has been trading below the channel resistance line since October last year with both longer term MA also pointing downwards firmly with no reversal in sight as yet. Stochastic and RSI also looking negative on today’s price action further. CFD SELL, Buy stop loss at 0.415. Target can be to 0.36 then 0.30.

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