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Ezion ST: the RSI is oversold
Trading Central | 2017-08-08 01:40:00

The configuration is negative.

0.237 is our pivot point.

Our preference: the downside prevails as long as 0.237 is resistance.

Alternative scenario: above 0.237, look for 0.253 and 0.262.

Comment: the RSI is trading below 30. This could mean that either the stock is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 0.25 and 0.24). Ezion is currently trading near its 52 week low at 0.21 reached on 01/09/16.

Supports and resistances:
0.262 **
0.253 *
0.237 **
0.231
0.22 (SGD-last)
0.197
0.188 **
0.179 *
0.17 **

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