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Ezion ST: the RSI is oversold
Trading Central | 2017-08-15 01:36:00

The configuration is negative.

0.241 is our pivot point.

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

Alternative scenario: above 0.241, look for 0.261 and 0.274.

Comment: the RSI is below 30. It could either mean that the stock is in a lasting downtrend or just oversold and therefore bound to retrace (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 is trading below its lower daily Bollinger band (standing at 0.21). Ezion is currently trading near its 52 week low at 0.2 reached on 08/08/17.

Supports and resistances:
0.274 **
0.261 *
0.241 **
0.233
0.197 (SGD-last)
0.176
0.165 **
0.154 *
0.144 **

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