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Stock Chart: Ezra!

by Dou on December 10, 2012

On Monday, Ezra re-test the resistance at $1.12 and closed at $1.095 with LOW volume of 3.73 million shares traded.

Both RSI & MACD are bullish though RSI already in overbought region.

Important Resistance of Ezra: $1.12

Immediate Support of Ezra: $1.085

Currently prices are supported by 100/200 days MA at $1.085

On 7/Dec, prices re-test the resistance at $1.12 with high buying pressure but failed. Bulls tried another round today but failed again due to low buying pressure. This is a bearish signal.

The resistance at $1.12 is expected to be strong.

We would not suggest to buy now on the overbought region especially when the resistance at $1.12 is strong. Sell would be a better option.

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