More upside for Ezion above 0.700 now ??? Where too?
Sent: Thursday, August 27, 2015 10:30 AM
Subject: ******* Ezion: Strength seen above 0.65 still with volume strong, price 0.675
Subject: ******* Ezion: Strength seen above 0.65 still with volume strong, price 0.675
Following up from Previous call, Ezion has indeed stayed above the 0.600 and headed to a high of 0.685 over the past few days. Have seem to have found a support around the 0.65 level which would remain as the immediate support for more upside. Range would be from 0.65 to 0.70 for now and any further move above 0.70 can pave the way to 0.74 which coincides with the 20 day MA line. As mid to long term trend is still down, cautious any long position below 0.65 still and raise stop loss upwards along the way. Technical indicators are showing signs of reversing after being heavily oversold but more confirmation need on closing above key horizontal resistance levels....
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