Ezion – Trading in a Down Trend Channel

Ezion is currently trading in a Down Trend Channel. The stock is forming a “Lower High, Lower Low” chart pattern.

Downside risk is higher because Ezion will be facing a few resistances between $0.67 to $0.75:

  • 50D MA
  • 78.6% Fibonacci Retracement Level
  • 200D MA
  • Down Trend Channel Resistance

If the Down Trend Channel pattern is still valid, Ezion will probably go below $0.573 in the next few months.

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