Did break below the 0.800 level as mentioned yesterday... price 0.785, cautious !
Sent: Monday, August 03, 2015 4:36 PM
Subject: ********* Ezion: Sell down still seen, nearing 0.800 support, price 0.825
Subject: ********* Ezion: Sell down still seen, nearing 0.800 support, price 0.825
Ezion has traded back down to below the temp 0.825 support level. Looks set to head towards the 0.800 psychological support level to attempt a breakdown. This would be a critical level to watch if it were to stem its downside. Any breakdown below 0.800 can pave the way to 0.70 then 0.60 in the short term. Currently, we can see huge buyers stacked at this 0.80 level but if it gets taken out wholly, got to be careful of any long positions. All 3 moving averages still pointing lower with long term trend still downwards with oil prices still remaining weak.
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