With ECB plan to buy (unlimited) bonds (up to three years maturity) of troubled sovereigns who ask for aid, we are a step closer to know whether a lower cost will help these troubled soveregins or not. By lowering the cost still does not help them, I guess the next step for ECB is to provide FREE aid to them.
Ezion Holdings. We didn't discussed on it previously. The chart is what I have discussed with my friend (on 29 Aug 2012) and subsequently shared with my colleagues (4 Sep 2012). On 6 Sep 2012, Ezion closed at 1.110. As long as it stays above 1.090, a move above 1.15 will see 1.22- 1.25. Immediate resistance stands at 1.11 - 1.15, followed by 1.22 - 1.25. Whereas a move below 1.03 will see further downside of 0.950 - 0.960.
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