Wednesday, February 23, 2011

Ezion


On 23 Feb 2011, I have bought Ezion for contra play only since price drop so much and below 200MA.
My reason its only because there is gap down on 0.65-0.66 and according gap theory, it will cover up.

EMA: 0.663
Hammer candlestick (bullish)
Volume quite average sign of bulls haven't coming yet
Bull Power shown weakness, while Bear Power shown strength
Stochastic 13.95 shown oversold
TMF shown increase
Support/Resistant: 0.60/0.675

Buy @0.61
TP @0.65
Cut Loss @0.60
Close @0.64 (Profit 4.91%)

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