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Friday, 9 September 2016

Ezion Technical Analysis: 9 September 2016, Friday, 1.36pm Singapore Time

Ezion Technical Analysis: 
9 September 2016, Friday, 1.36pm Singapore Time

Attached above is the technicals of Ezion, a stock that is listed in the SGX Singapore Market.
Warned in the RED BOXED region amidst rosy outlook in 2013 and 2014 of a mid-caps and small-caps selling wave before it came. Warned on 8 February 2015 and 17 March 2015 that Ezion will suffer a massive plunge (at least -80% loss in price) from the peak to super penny stock status in 2016. Refer to track records at:
http://donovan-ang.blogspot.sg/2015/02/ezion-8-february-2015-sunday-1042am.html
and
http://donovan-ang.blogspot.sg/2015/03/ezion-17-march-2015-tuesday-905am.html

In 2016, majority of the public worldwide are expecting a crash and a bear market now. Amidst this massive bearish sentiment that had inundated the financial markets worldwide, we will have a super stock market rally in 2H-2016 and 2017.
Ezion will break up the BLUE expanding triangle and have a multi-bagger, multi-fold rally from the bottom as illustrated on chart. It will rally beyond the rights issue price with its better financial position and on the back of 2017 improving oil prices.

Crude oil, offshore oil and gas industry, crude oil stocks, offshore oil-gas stocks, crude oil reliant economies and crude oil currencies have all generally bottomed worldwide in 2016.
More rallies expected in 2H-2016 and 2017.

Note:
【Worldwide stock markets to have super rally in 2H-2016 and 2017.】

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