Ezion: YUP, its back to the 0.500 psychological support..... price 0.500...

Will the 0.500 hold?  Are prepared either way?

Sent: Thursday, January 14, 2016 11:12 AM
Subject: **************** Ezion: Back to key support after sell down.... price 0.55. potential breakdown below 0.535

Following up from previous sell call, we have indeed seen a sell down for Ezion with it hitting our target at 0.55. Note that previous low in August was 0.535 so any from move below the 0.535 – 0.55 support can see a new wave of selling pressure especially with oil prices still finding new lows. A BREAK DOWN below the crucial 0.500 support can pave the way to 0.45 then 0.40 so cautious long position especially on a firm downtrend with longer term MA still pointing down. MACD negative and as long as 0.58 is the resistance for now, still short term bearish with a potential break down below 0.50 on the cards. Cfd sell to ride lower while lower buy stop loss if that happens.