Both Ezra and Ezion have broken out from year highs, double bottom formations on high volume.Is it worth a punt, given current worries that perhaps, stock are due for another correction. The most recent correction finished on 14 July, and this may mean that another one is not so soon. Therefore, I will try a punt on Ezion, since at this point, Ezra has run too far ahead.
Here's what I will do:
Buy 4 lots Ezion at 0.735:
SL: 0.585 (below 50-MA)
TP1: 0.885
TP2: 1.15
Although both have broken out, I am still wary, given somehow taht the stock market has run quite spectacularly already. Nonetheless, this could be a lucrative punt, as Ezion tend to follow Ezra in price action.
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