Wednesday, August 10, 2016

Ezion - The Critical Wall at 0.275-0.28

Ezion looks like an interesting stock now. I am watching the line of defense at the horizontal support line i drew at 0.275-0.28 level. The first time the stock had some obvious form of buying was last Wednesday Aug 3rd. It's almost a week and I believe some contra players had been squeezed out. The stock is now on the down side but the moment it break below 0.275-0.28 level, I expect a huge selling and a pierce below the last low at 0.26. From there now, I would need to judge the supply/demand before deciding the next course of action. If you are holding onto Ezion. Be alert on your long positions if any.

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Ronald K - Market Psychologist - A Stock Market Opportunist