More weakness ahead as mentioned 2 days back???
Sent: Wednesday, August 12, 2015 9:45 AM
Subject: ******** Ezion: Breakdown of 0.78 support, CFD sell more downside likely, cautious.
Subject: ******** Ezion: Breakdown of 0.78 support, CFD sell more downside likely, cautious.
Ezion has broke below the temp support at 0.77 – 0.78 today on strong volume, this can open up the way to more weakness as it approaches 0.700 then 0.600 now. As long as 0.76 is a resistance now, we are bearish with target to 0.70 then 0.60. All technical indicators still looking weak as it heads lower to find a new low. Cautious long positions as mentioned all along. All 3 moving averages still pointing lower with long term trend still downwards with oil prices still remaining weak.
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