Ezion – Did you see it !
This morning Ezion gap down by 3%. Even stop loss also cannot save you if you long this stock!
As posted here on 22/06/14, I called for a short on this stock because the BBs had left and there is a big double top formation. This stock is gone because it had broken the big support at $2.07 which is tested 3 times. The targeted price is around $1.77.
This is another interesting stock because I received many emails asking me why I called for a short when the company fundamental and revenue are good. Others asked me whether they can buy this stock because it is near the support level at $2.07. The BBs had already left the stock, yet these people want to buy it! As usual, I didn’t reply to those emails because I don’t have the time. The FAQ on this blog will help these readers a lot.
I trade and invest according to the chart. If I am wrong, I cut. If I am right, I ride. I am able to do that because I believed in my system which is 85% accurate. Any stop loss will be easily replaced by the winning trade.
I only managed to short sell this stock on 30/06/14 as my stop sell order was triggered. I hold on to this stock for 9 days and today I am rewarded.
The reason why I only posted 1 or 2 stock call a day is because you only need 1 good trade a day and 4 good trade a month to solve all your financial woes. If I posted a list, you will get confused !
This market sell down will be a short one. Probably last for another 3 days. After that we can enter again. Just be patient and wait for opportunity.