Ezra: Facing a Tough Resistance

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.

This Post Has 3 Comments

  1. Roy

    This counter though liquidity & financially is performing good, EPS had made a decrease recently. It could remains in range bound for some times.

  2. Marubozu

    Ezra breaks resistance. Let see whether Ezra can stay above this $1.75 level.

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