Ezion - Touched Down 0.045

Ezion just broke down further. The stock got cut to hold by DBS and combined with the bearish outlook, it just cannot move at this moment. I am lucky I sold off at the peak at 0.055 and the stock from there on tanked down to 0.045 as of today. I am not sure how much more lower it can go but I am out of this counter for the moment.

https://www.theedgesingapore.com/ezion-cut-hold-dbs-potential-asset-impairments-and-slower-recovery



Ronald K - Market Psychologist - A Stock Market Opportunist

Ezion - I Made a Right Choice

Ever since I sold off Ezion last week, I thought that was the right and wise choice since the stock hit the supply zone with hidden selling detected. Click below to see where I sold if off at 0.055 with $3000 profits.

https://stockmarketmindgames.blogspot.com/2019/02/ezion-why-i-sold-off-near-peak.html

Today the stock kept suffering slamming action where it hit a low of 0.047. It could be some more bad news in the pipeline or it might be the sellers knew something that retailers don't. I don't know what is it but I know there was price rejections and it was the right thing to sell last week when price broke out. Also, if you study the top volume, you will see Ezion is always there with volume turnover but price was always in a tight range or not moving much. Hence, when the stock encountered big waves of buyers, it tells you that the BBs were in and you job is to get ready to sell. At least that's what I observe. Additionally, look at the price of Ezion end of day, the stock just got thrown down and a downgrade from DBS today!!

https://www.theedgesingapore.com/ezion-cut-hold-dbs-potential-asset-impairments-and-slower-recovery



Ronald K - Market Psychologist - A Stock Market Opportunist

Ezion - Why I Sold Off Near Peak

I was trading Ezion last week and posted it on my blog. I dared not go big this time as I knew something was missing in the recent bullish run as compared to the last time it ran. First, there was a long bar up with big buyers readily to take higher price during the Nov 28th breakout and soon it simmered and died down with so much sellers due to a long bar breakout.

http://stockmarketmindgames.blogspot.com/2019/01/ezion-sold-3000-profits.html

As it touched the bottom and recovered, the buying wasn't that strong this time round as the stock trend up and soon because Rex Intl had heavy breakouts, Ezion started to follow a little but did not had a major rally. That to me was a signal that if I want to trade because of sector rotational plays, I shouldn't be trading big because the stock was not performing that great. True enough, Ezion trended up slowly where I thought I would just buy 1000 Lots and sell quick for a fast buck.

As Rex Intl continues to trend up further while Ezion looked tired and stalled with the buy/sell Q showing sings of weakness, I decided to sell Ezion at 0.055 to lock in profits instead of continuing to hold and hoping for higher prices. It reached a high of 0.056 which I could have sold it off there, but I did not. The chart of Rex Intl clearly showed strength while Ezion exhibited lacked of buyers and lacked of power to move higher. It was a close shave and luckily I offloaded and move on to the next stock. Stocks are harder to trade these days and it pay wise to be alert at times. Read more on Ezion news below.

https://www.businesstimes.com.sg/companies-markets/ezion-expects-q4-and-fy18-net-loss-on-impairments-of-shareholder-loans-to-jvs

Ronald K - Market Psychologist - A Stock Market Opportunist

Ezion - Sold, $3000 Profits

Just unloaded and lock in profits for Ezion at 0.055. The stock indeed rose and picked up in volume. The BBs went in to whacked up big bulks where millions and millions of shares were eaten up with some 1 lot markers at 0.054. I was waiting for the marker to be marked and the BBs to come in and indeed, they flocked in with heavy biting actions. It was surreal to see the action LIVE but it was more of an experienced to profit with them. I was also pleased one of my student joined me in selling at 0.055 and profited some handsome $2500 with 500 lots. Congrats!

Ronald K - Market Psychologist - A Stock Market Opportunist

Ezion - Longed 1000 Lots

Traded 1000 lots of Ezion 2 days back when the price was 0.051/0.052. This time round, I dare not go too big because the stock looks shaky but because Rex Intl released some good news and brought many other oil related pennies up, hence, I thought Ezion was a good choice since the chart was not too bad. It's now 0.053/0.054 and I will look to unload soon since the stock is a bit slow and thick. Study the 5 minute chart, can you see a normal setup for bullishness 2-3 days back? Selling soon.

Update: 31/1/2019, 10:20am

Ezion turned up one more pip to 0.055/0.056. The stock looks like it's on the rise.

Ronald K - Market Psychologist - A Stock Market Opportunist

Ezion - Slowing Coming Down

Ezion, a stock which I foresee some selling first as posted yesterday when the price was 0.055 is now indeed suffering selling. Click below to read my yesterday's post. Luckily I locked in profits first.

http://stockmarketmindgames.blogspot.com/2019/01/ezion-thick-queues.html

It's currently at 0.051 as the market softens and stocks are moving lower with the thick queues depleting. Not only Ezion trended lower but Rex Intl, Kris Energy all followed. The market finally took a small simmer and looking forward to the next trading stocks.



Ronald K - Market Psychologist - A Stock Market Opportunist

Ezion - Thick Queues

Ezion after rising a little, it's now encountering some thick heavy queues. This is a slow stock with a ws in the minute chart before rising while the wall was also broken a bit. The queues were pretty thick now which I am not too sure if it's ready to move higher or not. I would look to lock in profits now first as I believe oil had risen for sometime now. Rex Intl, Ezion and Kris Energy are all some counters where Rex is prioritize as first while Ezion is second and Kris Energy is third. Market looks peak too temporarily and it's wise to book profits first. Looking to short more than long.

Update: 21/1/2019, 5:38pm

As highlighted earlier than market looks peak temporarily and would look to book profits first, indeed the STI came down and Ezion dropped 2 pips down!!

Ronald K - Market Psychologist - A Stock Market Opportunist

Ezion - Traded 6000 Lots

Traded 6000 Lots of Ezion and the stock seemed to have some strength. I am not sure if I see the right thing but the buyers were stacking the queues and I saw some hidden buying so give it a try. It's a risky trade since I am chasing and I am looking to get out fast soon. Let's see how further can Ezion move now. Prepare to cut if it's not right.



Ronald K - Market Psychologist - A Stock Market Opportunist

Ezion - $2500 in 1 Contra Day

Scalped and traded Ezion with $2500 profits. This the currently the hottest stock now with so much finessed in the buying. In/out will be the right strategy for this counter as it's a risky penny stock in my personal opinion. Nobody knows how high it can go nor how much it can fly and hence I prefer to be safe and just trade short term instead of holding for long. Next trade soon.

Ronald K - Market Psychologist - A Stock Market Opportunist