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.