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

Ezion: May find new multiyear low again., right at the support... price 0.26

We have seen Ezion rebounded above the 0.300 only to be met with more selling.

Today we have seen a sell down below the support at 0.26 which was the low set 2 weeks back.

Longer term trend still weak with selling seen on every slight rebound so far.

Cautious long below 0.300 imo…..

Just to share…

We had a 1ET BEARISH SIGNAL ON 1^ST JULY LAST MONTH….

It started heading lower then an EXIT signal came 2 weeks back…

Seems like another Bearish Entry Signal yesterday..…..

Waiting for a Final confirmation for more shorting…….

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Recent Emails:

Sent: Tuesday, August 02, 2016 12:37 PM
Subject: ****** Ezion: Breakdown below 0.30 further, selling expected below AGAIN... Price 0.275

Sent: Thursday, July 28, 2016 4:46 PM
Subject: ******* Ezion: Weakness seen, likely to test 0.300 next... price 0.32

Sent: Tuesday, July 26, 2016 4:21 PM
Subject: ******* Ezion: Weakness seen, likely to test 0.300 next... price 0.335

Sent: Monday, July 25, 2016 10:36 AM
Subject: ********** Ezion: Weakness below 0.37....Support broken... price 0.355, cautious

Sent: Tuesday, July 19, 2016 9:34 AM
Subject: *********** Ezion: Back to previous key support.... some short covering expected, more weakness below... price 0.375

Ezion: A New Low Seen today.... more weakness ahead? Spotted 3 weeks back..... Price 0.355

We have seen Ezion broke the previous low at 0.37 today as mentioned in email last week….

Seeing some support at 0.35 for now but if that fails to hold as well….

Likely to see sellers regaining control again….

When was the first signal to sell?

It was on 1^st July 2016…..

1ET BEARISH ENTRY SIGNAL…. ENTRY PRICE AT 0.415……

Still NO EXIT YET AS SEEN TODAY……

Let’s see when it happens….. Target can be to 0.300 first where we can see some short covering….

Protect profits if locked in….

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Recent Email:

Sent: Tuesday, July 19, 2016 9:34 AM
Subject: *********** Ezion: Back to previous key support.... some short covering expected, more weakness below... price 0.375

Ezion: Has crossed 0.600 as mentioned further.... Price 0.62

Revising our target upwards again….

Sent: Friday, March 04, 2016 9:41 AM
Subject: ************** Ezion: Breakout seen above 0.55 level, short term positive with it holding above, price 0.56

As mentioned yesterday, we have indeed seen a breakout after that a further up move today. High seen today is at 0.565 which is a good sign as it tries to pull away. There still can be more upside if the 0.565 – 0.57 gets out of the way, where it can head to 0.60. Volume still strong with buy ups seen. MACD has also crossed above the zero mark which can lead to more momentum.

Ezion: Are we seeing a breakout like that mentioned just now???? Now at 0.555.....

Watching!!!!!  J

Sent: Thursday, March 03, 2016 1:11 PM
Subject: *************** Ezion: Potential breakout, any firm move above 0.54 - 0.55 a positive short term.... price 0.535

Ezion has consolidated below 0.54 for more than a month and we are seeing very strong volume buy ups as it approaches the KEY RESISTANCE level at 0.54 – 0.55. Note that any clearing above with volume maintaining can be a trigger for more upside potential to 0.60 then 0.65 first.  Alerts set J. Volume has been tremendous over the past 3 days which is a good sign but more price action confirmation required. In watch list. Stop loss can be at 0.535 on a firm breakout.

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.

Ezion: Heading towards next psychological support again, price 0.61

Can the 0.60 hold ?

Sent: Wednesday, December 30, 2015 1:55 PM
Subject: ****************** Ezion: Possible reversal back towards 0.60 on new recent low... price 0.62

Ezion has managed to trade above the 0.625 support for a short while last week before falling oil prices started to affect oil and gas counters again. With it breaking below the 0.62 – 0.625 support now, we can expect a trade back to 0.60 first which also coincides with the 20 day MA line. As longer term trend is still down for now, we can still see more weakness back to 0.55 on a breakdown below 0.60  again, so cautious long position.

Ezion: Rebounding above a temp resistance level as mentioned...... still good to go?

Now at 0.645.... Let’s see...

Sent: Monday, 21 December, 2015 4:10 PM
Subject: ************** Ezion: Testing key resistance.... price 0.63, if it can cross back above, may start to see some short term upside, if not still negative....

Ezion has consolidated below the support turned resistance 0.63 level for about a month and today we have seen it try to regain ground above. Price actions looks positive with some buy ups and there can be more upside if it can breakout above with a target back to 0.68 – 0.70 first. Indicators are starting to reverse upwards with MACD also showing a crossover to the upside. Confirmation if the 0.635 clears out with oil prices starting to recover from multi year lows.

Ezion: Rebounded yesterday...... and back down again today.... price 0.59, where to now?

Further retracement lower as mentioned yesterday morning?

Sent: Thursday, December 17, 2015 9:53 AM
Subject: ********** Ezion: Downtrend intact, a short term technical rebound seen.... still negative below 0.625.... price 0.605

We have seen Ezion stage quite a good rebound from the 0.55 level over the past few days. Resistance would be at 0.62 – 0.625 now which was originally the support level it broke down from last month. We may get to see some selling pressure again as it nears this resistance with longer term downtrend still intact. Those looking to increase short positions can consider short entry again near this resistance with buy stop at 0.64. Only the upside breakout above 0.625 – 0.63 will invalidate our bearish scenario, in this case a recovery will shape towards 0.68.

Ezion: Heading towards our target at 0.53?

Seeing some selling today again together with the rest of the Oil and Gas peers….. now at 0.555…..

Sent: Thursday, December 03, 2015 9:22 AM
Subject: *********** Ezion: Still negative below 0.600 now, CFD SELL, cautious long.... price 0.575

From previous call, Ezion has pulled further away from the 0.600 support turned resisatnce after failing to cross back above it. More downside towards 0.53 – 0.535 level which was the low in August. All 3 moving averages pointing lower with downtrend intact. MACD trending lower too with downwards momentum increasing. As long as 0.600 is a resistance now, we are short term bearish with more weakness certain before some consolidation again.

Sent: Friday, November 27, 2015 9:04 AM
Subject: *********** Ezion: Breaking below 0.600 psychological support again, cautious long.... price 0.59

From previous call last Friday, we have indeed seen a breakdown of the 0.600 psychological support today on strong volume. As mentioned, this can open the way to more weakness towards the 0.54 support level next. As long as 0.600 is a new resistance now, a short term bearish counter to ride any downside. Cautious long, CFD SELL…. we can expect more selling pressure ahead with MACD also crossing below to negative territory over the past few days and selling momentum increasing on this breakdown.

Ezion: Touching our first TARGET at 0.600..... Rebound or a further breakdown now?

Let’s see…. Some managed to participate in the downside…..

Sent: Friday, November 20, 2015 9:17 AM
Subject: ************ Ezion: Breaking below 0.63 support a negative short term..... CFD SELL possible, cautious long.... price 0.625

Ezion has traded above the 0.63 support since Aug and today we have kind of seen a strong volume breakdown below this key support level. This may pave the way lower to 0.60 then 0.54 which was the low in August. Longer term trend still looks weak with all moving averages sloping downwards still. As long as it stays below 0.63 – 0.64 down, we can expect more selling pressure ahead with MACD also crossing below to negative territory over the past few days. CFD SELL can be used to ride any downside…

Ezion: Rebounded AS Predicted YESTERDAY ! Now at 0.68 !

Still good to go up further?

Sent: Friday, November 13, 2015 9:21 AM
Subject: ************** Ezion: Rebounding from 0.63 support, can consider entry with stop loss below.price 0.645

Ezion has traded back to its support at 0.63 which it has been holding since August. Can rebound from this level back towards the 0.68 resistance first where we may see it consolidate again before more direction. Strong buy ups seen as it approaches the support level. Stop loss at 0.615 if a breakdown occurs. Note that a breakdown below 0.63 can pave the way lower to 0.60 then 0.54 so be discipline.

Ezion: Attempting a breakout above 0.75 ? as per last week call.....

Let’s see !! now at 0.76 !!!

Sent: Friday, October 09, 2015 9:15 AM
Subject: ******** Ezion: Potential move above 0.75 still possible, price 0.72

Following from call 2 days ago we have indeed seen Ezion stage a further move above the 0.700 level. Range would now be from 0.70 to the CRITICAL 0.75 RESISTANCE level. There can be more upside on this further breakout as long as 0.69 – 0.70 holds as the immediate support level. This can put an end to the consolidation phase for more than a month, in watch list for a potential breakout, can average up and raise stop loss on clearing of 0.75 – 0.76 sellers and other volume criteria. Target would then be at 0.80 then 0.85 in the near term as it closes the gap created in July.

Ezion: Are we seeing an Attempt in the 0.75 resistance breakout again as mentioned to clients ?

High at 0.74 today...... congrats to those who managed to accumulate some as per Wednesday call.....  ;)

Sent: Wednesday, 7 October, 2015 10:34 AM
Subject: ******** Ezion: Breakout seen above 0.68.... May test 0.700 and head higher to attempt breakout above 0.75 again.....

On oil prices rebounding strongly last night, we have seen strength in Oil and gas counters today with Ezion one of them. It has cleared above the 0.68 temp resistance and looks set to cross above the psychological 0.70. A critical resistance to watch is the 0.75 level since Aug which has been a major barrier capping more upside.  Would average up long positions if the 0.75 – 0.76 clears out and raise stop loss.

Ezion: Support failed to hold as mentioned.... More downside?

Now at 0.645, Can it touch our target at 0.60?

Sent: Monday, 14 September, 2015 9:49 AM
Subject: ******** Ezion: Testing support again at 0.665..... Cautious long, more weakness likely below...

Temp support at 0.66 – 0.665 for now. Following up from last week sell call, note that there can still be more weakness if this support levels clear out as well with target to 0.60 first. Clearing of buyers at 0.66 would serve as a further confirmation of more weakness...

Sent: Tuesday, 8 September, 2015 12:02 PM
Subject: ******** Ezion: Breaking below temp 0.67 support can see it resume its down ticks.... price 0.67

Ezion has consolidated above the 0.67 – 0.675 for about 2 weeks and today we are see it break below on above average volume. Moving below now can see more weakness as sellers emerged again to take it back to 0.60 then 0.54. 20 day MA line still sloping downwards with dominant trend still down. Cautious long positions. CFD SELL positions can be used to ride any downside on clearing of 0.66 buyers as a further confirmation….

Ezion: further breakout seen above 0.700 yesterday after call issued, Target at 0.74 hit today.....

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

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....

Ezion: Rebounding above 0.600 as mentioned this morning, now at 0.655 !!

What a much needed rebound after the sell down experienced over the past 2 months...... got in on time this morning?

Sent: Tuesday, 25 August, 2015 9:54 AM
Subject: ******* Ezion: Finally some strength above 0.600... price 0.61

Ezion has broken upwards above the 0.600 psychological resistance in a sign of strength today. IF IT manages to stay above, there can be a short term rebound back to 0.64 then 0.67. However, mid to long term trend is still downwards so those looking to long be careful of any retracement back down when downtrend resumes.  For short term, may start to rise as short covering start to take place with it dipping to new low. Take profit quick for any long positions which are again the dominant downtrend fyi.

Ezion: A further breakdown below 0.700 after morning call issued.....

Now at 0.67, where would be the next support?

Sent: Monday, August 17, 2015 9:51 AM
Subject: ******** Ezion: Breakdown spotted below 0.73 - 0.74 support. price 0.72

Have broke below the temp 0.73 support today too on strong volume and this can see it attempt a breakdown below the key 0.700 support level next. CFD SELL can be used to ride more weakness below 0.700 with short term trend still pointing lower. Seems like sellers emerging on any slight rebound with it finding a new low on each minor consolidation. Cautious long.

Sent: Friday, August 14, 2015 9:30 AM
Subject: ******** Ezion: Still a negative below 0.800, cautious, price 0.755

Following up fro previous sell call, we have indeed seen it trade to a low of 0.735 over the past 2 days. Range would now be from 0.74 to 0.80 and there can still be more weakness if it stays below the support turned resistance at 0.800 now. Any further clearing of buyers from 0.73 – 0.74 can see it head towards 0.70 then 0.65. Trend still looks weak with short term momentum still negative. Selling pressure out on any slight rebound seen. Only the upside breakout above 0.800 will invalidate our bearish scenario, in this case a recovery will shape towards 0.85. CFD SELL can be used on any slight rebound near resistance or on a further breakdown below 0.700.

Ezion: Still trading below the 0.800 psychological resistance......

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.

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.

Ezion: More downside ahead we per CFD CALL ISSUED ?

Have hit out target further today as mentioned last week….. Now at 0.76… Let’s continue to watch!

Sent: Tuesday, August 04, 2015 9:44 AM
Subject: ******** Ezion: Did break below the 0.800 level... price 0.79, cautious

Seems to have broken down the 0.800 psychological level on strong volume today. As mentioned yesterday, there can still be more weakness as it heads lower to find a new low before consolidating again. Target can be 0.74 – 0.76 level. CFD SELL to ride any downside and lower buy stop loss to 0.815 to protect profits.