China Fishery looks like starting an Elliott Wave C. If the Elliott Wave count is correct, very likely China Fishery will break this uptrend support line and may go down to $1.60 which is the 618% Fibonacci Retracement Level.
$1.90 is the critical support to watch as it is a 78.6% Fibonacci Retracement level + 50D MA support + Up Trend Support.
Ezra seems like have completed a nice and complete Elliott Wave pattern (1,2,3,4,5, A, B, C). Currently Ezra has formed a higher low and testing the 61.8% Fibonacci Retracement resistance at $1.805. Breaking above this resistance will give Ezra to test 20D and 50D MA resistance at about $1.84. Going above these resistances give Ezra a very good outlook in forming a “Higher Higher, Higher Low” uptrend pattern. Next immediate resistance is 200D MA at about $2.10. Welcome for any comment if you have different views.
So far STI’s chart has a bearish outlook.
