Ezra - My Stocks Investing

Ezra: Continue to be Range Bound

Post author:Marubozu
Post published:April 27, 2011

Ezra failed to break the $1.85 tough resistance. The stock price retrace back to the next immediate support at $1.64. Currently MACD is showing that Ezra is heading towards the support level, and RSI is 33% (very close to Oversold Region).

Base on the past chart pattern, Ezra is expected to trade between $1.60 to $1.85 until there is a breakout. So, is it a good news or bad news? It depends on whether you know how to read the chart and trade.

“Buy near support, Sell near resistace” and wait for reversal confirmation.

Ezra: Coming Back to Test an Important Support

Post author:Marubozu
Post published:April 14, 2011

Ezra is coming back to test the previous tough resistance at about $1.75. See previous analysis here. This $1.75 level is also close to 20D MA and 200D MA support. In addition, this is also the support for the Rising Wedge. If Ezra can stay above this $1.75 for the next few days, this resistance-become-support level will be a very good base for Ezra to start the up trend. Next Immediate Tough Resistance is $1.85 which is also the Rising Wedge resistance.

Ezra: Facing a Tough Resistance

Post author:Marubozu
Post published:March 30, 2011

Ezra is testing a support turned resistance level at about $1.75. This resistance is also the 50% Fibonacci Retracement Level. Breaking this resistance with healthy volume will kick start an up trend for Ezra. Also take note that 20D MA is heading up to cross the 200D MA if Ezra can stay above this $1.75 and 200D MA. If Ezra fails to break this resistance, the stock may pull back to $1.64 the next immediate support level.