Can the 0.110 support hold?
Sent: Friday, November 13, 2015 9:39 AM
Subject: *********** Ezra: Breakdown of support yesterday, more downside below 0.110 - 0.112, price 0.114.
Subject: *********** Ezra: Breakdown of support yesterday, more downside below 0.110 - 0.112, price 0.114.
Ezra has broke below the critical support at 0.119 – 0.120 yesterday with it pulling down further today. Has been trading slowing downwards since last month forming lower highs. Next support would be at 0.110 – 0.112 and we can still see more weakness below this level with target to 0.100 then 0.095 which was the low in August before it rebounded. Stochastic and RSI still weak with longer term downtrend intact. Cautious long. Those looking for a rebound can scale trades in near support with strict stop loss below.
No comments:
Post a Comment