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Ezion ST: the RSI is oversold
Trading Central | 2017-08-09 22:57:00

Alternative scenario: the upside breakout of 0.241 would call for 0.261 and 0.273.

Our pivot point stands at 0.241.

Our preference: the downside prevails as long as 0.241 is resistance.

Alternative scenario: the upside breakout of 0.241 would call for 0.261 and 0.273.

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 negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 0.24 and 0.24). Finally, Ezion has penetrated its lower daily Bollinger band (0.21). Ezion is currently trading near its 52 week low at 0.2 reached on 08/08/17.

Supports and resistances:
0.273 **
0.261 *
0.241 **
0.233
0.197 (SGD-last)
0.176
0.166 **
0.155 *
0.145 **

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