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Will The Bulls Continue To Charge In 2010?
 
Singapore

Ezion
 

After hitting its 2009 high of $0.89 seen on 25th September 2009, Ezion had been forming a trend continuation pattern called “Symmetrical Triangle”. It started 2010 with a bang as it had a bullish breakout from the “Symmetrical Triangle” pattern. In addition, the MACD trend indicator had started to reverse upwards from below the centerline and the RSI oscillator remained bullish above the 50% level. Thus these configurations are indicating further upside potential for Ezion and be on the lookout for its immediate resistance at $0.89. A break above it may see a further rally towards the next stronger resistance at $0.975. Immediate support will be at $0.79 and failure to hold at this level may negate the bullish tone to see a further slide towards the next stronger support at $0.73.

 
 
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