Is Ezra Stock Rebounding Soon?

Ezra Holding broke down from the Ascending Triangle and reached the breakout target price at about $1.60. This $1.60 is also the 38.2% Fibonacci Support. Currently there is still no clear sign of the down trend will stop for Ezra yet but RSI is in the OverSold region.  Looks for potential rebound in the next few days but keep a close eye on $1.60. If this $1.60 becomes resistance, Ezra chart is very bearish and may start a down trend. Currently Ezra is trading below the 3 Moving Averages.

This Post Has 3 Comments

  1. bardo

    Hi Master,

    By look at the chart yesterday and today (25 May), prices reach its lower at $1.51 but unable to break its resistant at $1.52, and price then bounced back and close at $1.54 with a hammer.
    Is the reverser trend begin?

  2. bardo

    Correction: break support at $1.52, Pai Seh haha

  3. Marubozu

    Hammer at the support after recent down trend = Potential Reversal!!

    MACD & RSI showed some nice light too!

    I like this HAMMER too! 😀


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