Sunday, December 27, 2015


EZION - 27th Dec 2015

Ezion has manged to bounce off from the low of 55 cents on 14th December 2015 and rises higher to close at 63.5 cents on 24th December 2015.
From TA point of view is it now on a short term uptrend direction as its price of 63.5 cents is staying above both 14SMA & 25SMA line. This is generally positive.

Also both MACD & RSI are showing positive divergence which may provide further indication to drive the share price higher towards 68.5 cents then 74 cents.

If price dropped below 59 cents then perhaps the uptrend mode may not follow-through.
(trade/invest base on your own decision)

No comments:

Post a Comment