Wednesday, August 31, 2016

Ezion: More selling seen... price 0.215, can the 0.200 hold too?


Seeing more selling to a new low.


From previous post on 18 Aug, shared that there was another 1GT Bearish signal   ->   http://singaporetradinginsights.blogspot.sg/2016/08/ezion-may-find-new-multiyear-low-again.html


Chart attached below again...




Indeed more selling seen again thereafter


You can look at the chart today to see how it actually followed through.....


Looks set to test the 0.200 psychological support where we can expect some short covering....


Would be good to also lock in some profits near there on any short positions before re-accessing again...  :)


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Recent Emails:

Sent: Thursday, August 25, 2016 3:25 PM
Subject: ******** Ezion: Heading towards 0.200 ? pulling lower each day, a negative below 0.26 now. price 0.24

Sent: Tuesday, August 23, 2016 11:20 AM
Subject: ******** Ezion: Touching the key support....will it give way too.... price 0.25

Sent: Thursday, August 18, 2016 9:28 AM
Subject: ********** Ezion: May find new multiyear low again..... price 0.26

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