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Stock Chart: Ezra!
By Dou  •  May 28, 2013

Ezra

 

On Tuesday, Ezra re-tests the resistance at $1 and closed at $0.985 with normal volume of 4.91 million shares traded.

Both RSI & MACD are flat as MACD lines converge closely together.

Important Resistance of Ezra: $1

Immediate Support of Ezra: $0.95

Currently prices are resisted by the 20 days MA at $1

Since 16/Apr, prices have been consolidating between the support at $0.95 and resistance at $1. This affirms that the selling pressure has eased

The support at $0.95 is expected to be strong.

Although we do not suggest anyone to buy Ezra due to long term bearishness, but the support at $0.95 could be a good entry level. Monitor this support if interested in short term trading

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