From called issued this morning, we have seen Ezra consolidated below the 0.080 briefly for about 3 hours after some profit taking seen…..
A call was issued at 10.13am this morning to prepare for any further upside should the 0.080 clear out….
A few hours later….
and headed to next target at 0.090……….
Still good to head higher?
Following up from Ezra call, we have indeed seen it trade lower to a low of 0.063 before finding some support again. Yesterday, we have seen an incredible rally with it closing above the new found resistance at 0.070 at 0.072. Congrats to those who shorted and manage to ride the weakness all along and got stopped out yesterday on the rally with profits. Today, it has pushed higher with a high at 0.078 now. It may see some profit taking near 0.080 like we are seeing today, but it would be interesting to watch if the 0.080 resistance gets out of the way too with some specific price action which can see a reversal upwards further.
Ezra has still been trading the 0.070 psychological resistance level over the past 1 weeks with it not being able to hold above 0.070 mark. 20 day MA still pointing downwards and downtrend still intact with 0.070 as the resistance now. We may start to see some more weakness with a new low tested at 0.067 today after holding above 0.068 for a week. Target can be to 0.060 then 0.050. CFD SELL.