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Friday, March 4, 2016

EZION

EZION - 4th March 2016 

EZION has been consolidating within the price range of 48 cents to 53.5 cents as reflected on the chart. Yesterday it had managed to cross over the hurdle of 53.5 cents and closed higher at 55 cents with super high volume. This is rather bullish.


The current price is staying above both 14SMA & 25SMA lines which is generally rather positive.
Today there is a follow-through of another high and closed well at 56.5 cents. The volume is also quite high. This is very healthy.

Also both Macd & RSi are also trending upwards which may provide further catalyst that the share price may continue to head higher towards 65.5 cents with extension to 71 cents.
(trade base on your own decision)

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