Ezra has been in the consolidation mode between $0.90 to $1.00 close to 2 months. If this $0.895 support is broken, Ezra will free fall to $0.556 as there are no significant supports between these two levels.
Ezra Holdings is currently trading in a Falling Wedge.
- Resistance at about $1.15 which is the wedge resistance and also the 20D MA.
- Support at $0.895. Breaking this support may send Ezra to $0.556 (123.6% Fibonacci Retracement Level).
- Base on current chart, Ezra has not found the bottom yet.
Ezra Holding broke down from the Ascending Triangle and reached the breakout target price at about $1.60. This $1.60 is also the 38.2% Fibonacci Support. Currently there is still no clear sign of the down trend will stop for Ezra yet but RSI is in the OverSold region. Looks for potential rebound in the next few days but keep a close eye on $1.60. If this $1.60 becomes resistance, Ezra chart is very bearish and may start a down trend. Currently Ezra is trading below the 3 Moving Averages.