Ezra is Forming A Wedge

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Ezra is currently trading in a wedge. A potential Head and Shoulders patter is also in formation with neckline at $1.657 which is also a 61.8% Fibonacci Retracement Level, and also the wedge support. Breaking below this support may send the Ezra stock price to $1.30.  $1.85 is a very tough resistance to break as this level is the 200D MA and also the wedge resistance.

In summary, two key levels to monitor in order to predict the next big movement:

  • $1.85 (Resistance)
  • $1.65 (Support)
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