Ezra: Continue to be Range Bound

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.

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