Attached above is the daily chart of Ezion.
Ezion is achieving a BEAR MARKET CONFIRMATION where it could not rally much on the backdrop of a maximum FFA of +10.000 recently.
This stock is a must-get-out.
Technical Price Structure is bearish.
Distribution from early 2013 to end of 2014 has been completed.
The distribution was done using the double blue dotted classical lines as support.
The majority of public had been on the buy side while the smart monies are on the sell side based on technicals above.
Note the RED BOXED REGION:
This is merely the first wave of a series of selling salvo to come. There will be more waves of sell-offs and the selling is far from being completed.
$1.355-$1.485 and $1.70 are the bands ensuring the long term bear market of Ezion. This resistance will always hold until Ezion plunges below $0.50 to super penny stock status in 2016.
Ezion will give an eventual heavy loss to the stocks holders and investors.
This stock is a must-get-out.
Technical Price Structure is bearish.
Distribution from early 2013 to end of 2014 has been completed.
The distribution was done using the double blue dotted classical lines as support.
The majority of public had been on the buy side while the smart monies are on the sell side based on technicals above.
Note the RED BOXED REGION:
This is merely the first wave of a series of selling salvo to come. There will be more waves of sell-offs and the selling is far from being completed.
$1.355-$1.485 and $1.70 are the bands ensuring the long term bear market of Ezion. This resistance will always hold until Ezion plunges below $0.50 to super penny stock status in 2016.
Ezion will give an eventual heavy loss to the stocks holders and investors.
Donovan Norfolk Ang Technical Rating:
Bearish with high downside
(Short/Sell/Unload on any market gracious rebound)
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