Ezion

Ezion: longer technical uptrend remains intact, after share price bounced off the approx $2.00 support level. The indicators are rising with good momentum, with MACD just showing a positive crossover. If Ezion can successfully break above the $2.20 resistance (near the 50 day MA), expect another leg up to test the recent $2.44 high. We would revise the technical outlook however, if the $2.00 support breaks on the downside (lower probability event).